ICF International (NASDAQ:ICFI) Sets New 52-Week High at $167.93

ICF International, Inc. (NASDAQ:ICFI)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $167.93 and last traded at $167.90, with a volume of 15770 shares changing hands. The stock had previously closed at $165.35.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ICFI shares. Barrington Research boosted their price target on ICF International from $173.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. William Blair raised ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Finally, Truist Financial cut ICF International from a “buy” rating to a “hold” rating and lowered their target price for the company from $168.00 to $155.00 in a report on Monday, July 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, ICF International has an average rating of “Moderate Buy” and a consensus price target of $159.75.

ICF International Stock Up 1.1 %

The firm’s 50 day moving average is $151.83 and its 200-day moving average is $148.19. The firm has a market cap of $3.13 billion, a PE ratio of 33.96 and a beta of 0.61. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.20. The business had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 earnings per share. As a group, equities research analysts expect that ICF International, Inc. will post 7.06 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.34%. ICF International’s payout ratio is currently 11.38%.

Insider Buying and Selling

In other ICF International news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $563,805. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anne F. Choate sold 1,481 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were 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 directly owns 4,785 shares in the company, valued at approximately $640,663.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,766 shares of company stock valued at $1,444,534. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. purchased a new position in ICF International in the first quarter valued at about $25,000. SG Americas Securities LLC bought a new position in ICF International during the first quarter worth $167,000. Marshall Wace LLP acquired a new position in ICF International in the second quarter worth $301,000. Torray Investment Partners LLC increased its stake in ICF International by 8.7% during the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock valued at $2,145,000 after purchasing an additional 1,159 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of 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 worth $2,491,000 after buying an additional 1,419 shares during the last quarter. Hedge funds and other 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.