Insider Buying: ICF International, Inc. (NASDAQ:ICFI) Director Acquires 400 Shares of Stock

ICF International, Inc. (NASDAQ:ICFI) Director Scott B. Salmirs purchased 400 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the transaction, the director now owns 5,803 shares in the company, valued at approximately $803,019.14. The trade was a 7.40 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ICF International Stock Down 0.6 %

ICF International stock opened at $135.72 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a 50 day moving average price of $165.05 and a 200 day moving average price of $154.02. ICF International, Inc. has a fifty-two week low of $128.28 and a fifty-two week high of $179.67. The company has a market capitalization of $2.55 billion, a PE ratio of 23.85 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same quarter in the previous year, the business earned $1.81 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts expect that ICF International, Inc. will post 7.45 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.41%. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ICFI. Pier Capital LLC purchased a new stake in ICF International during the 3rd quarter worth approximately $6,579,000. Congress Asset Management Co. increased its position in shares of ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after acquiring an additional 34,299 shares during the period. Geode Capital Management LLC increased its position in shares of ICF International by 4.3% during 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. Tilia Fiduciary Partners Inc. acquired a new stake in shares of ICF International in the third quarter valued at $2,364,000. Finally, BNP Paribas Financial Markets boosted its holdings in ICF International by 94.1% in 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 period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

ICFI has been the subject of several analyst reports. StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Truist Financial raised their target price on ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Finally, Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Tuesday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ICF International presently has an average rating of “Buy” and an average price target of $177.25.

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.