ICF International (NASDAQ:ICFI) Trading Down 5.7% – Time to Sell?

ICF International, Inc. (NASDAQ:ICFI) shares dropped 5.7% during mid-day trading on Thursday . The company traded as low as $129.40 and last traded at $125.23. Approximately 12,324 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 196,063 shares. The stock had previously closed at $132.82.

Analysts Set New Price Targets

Several research analysts have commented on the stock. D. Boral Capital reiterated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Monday, December 16th. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. 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. Finally, Truist Financial dropped their target price on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $168.60.

ICF International Trading Down 2.4 %

The company has a market capitalization of $2.43 billion, a PE ratio of 22.78 and a beta of 0.57. 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 company’s fifty day moving average is $127.94 and its 200-day moving average is $148.77.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same period last year, the business posted $1.81 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, analysts anticipate that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 6th were paid a $0.14 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.43%. ICF International’s dividend payout ratio (DPR) is 9.84%.

Insider Activity

In other ICF International news, Director Scott B. Salmirs acquired 400 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the purchase, the director now directly owns 5,803 shares of the company’s stock, valued at $803,019.14. The trade was a 7.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anne F. Choate sold 1,438 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $593,293.71. This represents a 29.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

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

ICF International Company Profile

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.