ICF International (NASDAQ:ICFI) PT Raised to $174.00 at Barrington Research

ICF International (NASDAQ:ICFI) had its price objective raised by equities research analysts at Barrington Research from $173.00 to $174.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 11.68% from the company’s previous close.

Several other analysts have also recently issued reports on the company. William Blair upgraded ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Truist Financial cut ICF International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ICF International currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.75.

ICF International Stock Down 0.1 %

Shares of NASDAQ:ICFI traded down $0.16 during trading on Monday, hitting $155.80. The company’s stock had a trading volume of 24,063 shares, compared to its average volume of 103,149. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.19 and a current ratio of 1.19. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $161.01. The stock’s 50-day moving average price is $142.53 and its two-hundred day moving average price is $145.54. The company has a market capitalization of $2.92 billion, a PE ratio of 31.71 and a beta of 0.60.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.49 by $0.20. ICF International had a return on equity of 14.50% and a net margin of 4.98%. The business had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The company’s revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that ICF International will post 6.79 EPS for the current year.

Insider Transactions at ICF International

In related news, EVP Anne F. Choate sold 1,481 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $133.89, for a total transaction of $198,291.09. Following the completion of the transaction, the executive vice president now owns 4,785 shares in the company, valued at approximately $640,663.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Anne F. Choate sold 1,481 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $133.89, for a total value of $198,291.09. Following the sale, the executive vice president now owns 4,785 shares of the company’s stock, valued at approximately $640,663.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Wasson sold 3,000 shares of ICF International stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $135.09, for a total transaction of $405,270.00. Following the completion of the sale, the chief executive officer now owns 19,045 shares in the company, valued at $2,572,789.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,981 shares of company stock worth $984,811. 1.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ICF International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Congress Asset Management Co. MA boosted its position in ICF International by 14.7% during the 1st quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock worth $46,648,000 after acquiring an additional 39,709 shares during the period. TimesSquare Capital Management LLC lifted its holdings in ICF International by 5.5% in the first quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock worth $19,105,000 after purchasing an additional 6,570 shares during the period. BNP Paribas Financial Markets grew its position in ICF International by 9.4% in the 1st quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock valued at $2,491,000 after buying an additional 1,419 shares in the last quarter. Strs Ohio grew its position in ICF International by 14.9% in the 4th quarter. Strs Ohio now owns 54,816 shares of the business services provider’s stock valued at $7,350,000 after buying an additional 7,100 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in ICF International by 26.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock valued at $647,000 after buying an additional 1,000 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.