ICF International (NASDAQ:ICFI) Sees Unusually-High Trading Volume – Should You Buy?

ICF International, Inc. (NASDAQ:ICFI) saw strong trading volume on Wednesday . 410,332 shares changed hands during trading, an increase of 28% from the previous session’s volume of 321,728 shares.The stock last traded at $86.23 and had previously closed at $87.75.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Truist Financial cut their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Tuesday, November 19th. D. Boral Capital reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research note on Monday, December 16th. Barrington Research decreased their price target on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, StockNews.com cut shares of ICF International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.20.

ICF International Trading Down 1.1 %

The business’s 50-day simple moving average is $111.09 and its two-hundred day simple moving average is $138.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 15.22 and a beta of 0.56.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be paid a $0.14 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.65%. ICF International’s dividend payout ratio (DPR) is presently 9.61%.

Institutional Trading of ICF International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the last quarter. Chartwell Investment Partners LLC increased its stake in ICF International by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock valued at $1,377,000 after purchasing an additional 67 shares during the last quarter. Zions Bancorporation N.A. increased its stake in ICF International by 17.4% during the third quarter. Zions Bancorporation N.A. now owns 15,994 shares of the business services provider’s stock valued at $2,668,000 after purchasing an additional 2,368 shares during the last quarter. Quantbot Technologies LP bought a new stake in ICF International during the third quarter valued at $852,000. Finally, BNP Paribas Financial Markets increased its stake in ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after purchasing an additional 8,548 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

About ICF International

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.