ICF International, Inc. (NASDAQ:ICFI) Sees Significant Decline in Short Interest

ICF International, Inc. (NASDAQ:ICFI) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 542,700 shares, a decrease of 19.5% from the March 15th total of 674,200 shares. Based on an average trading volume of 320,100 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.0% of the company’s stock are short sold.

Institutional Investors Weigh In On ICF International

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after acquiring an additional 18,109 shares during the period. Wilmington Savings Fund Society FSB bought a new position in ICF International during the third quarter valued at $734,000. Argent Capital Management LLC increased its position in ICF International by 15.7% in the fourth quarter. Argent Capital Management LLC now owns 33,425 shares of the business services provider’s stock worth $3,985,000 after buying an additional 4,545 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after buying an additional 339 shares during the period. Finally, Tributary Capital Management LLC grew its stake in shares of ICF International by 10.9% during the 4th quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock worth $25,256,000 after acquiring an additional 20,861 shares during the period. 94.12% of the stock is currently owned by institutional investors.

ICF International Stock Up 0.2 %

Shares of ICFI traded up $0.19 during trading hours on Friday, reaching $82.98. 231,015 shares of the stock traded hands, compared to its average volume of 181,882. ICF International has a 52 week low of $75.91 and a 52 week high of $179.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $88.67 and a 200 day simple moving average of $122.08. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 14.58 and a beta of 0.49.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Friday, March 28th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. ICF International’s dividend payout ratio (DPR) is presently 9.61%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ICFI. StockNews.com upgraded shares of ICF International from a “hold” rating to a “buy” rating in a report on Saturday, March 29th. Barrington Research cut their price target on ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Truist Financial lowered their target price on ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $100.00 price objective (down previously from $200.00) on shares of ICF International in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.20.

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.