ICF International (NASDAQ:ICFI) Sets New 1-Year Low – What’s Next?

ICF International, Inc. (NASDAQ:ICFI) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $82.28 and last traded at $83.39, with a volume of 104261 shares. The stock had previously closed at $99.97.

Wall Street Analyst Weigh In

ICFI has been the topic of several recent research reports. StockNews.com lowered ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. D. Boral Capital restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Monday, December 16th. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Tuesday, November 19th. Truist Financial decreased their price target on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Finally, Canaccord Genuity Group restated a “hold” rating and set a $100.00 price target (down previously from $200.00) on shares of ICF International in a report on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $154.60.

ICF International Stock Down 20.7 %

The company has a 50-day simple moving average of $116.83 and a 200 day simple moving average of $143.07. The company has a market cap of $1.49 billion, a P/E ratio of 13.93 and a beta of 0.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, March 28th. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

Hedge Funds Weigh In On ICF International

Several hedge funds have recently bought and sold shares of ICFI. Geode Capital Management LLC grew its position in shares of ICF International by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 442,995 shares of the business services provider’s stock worth $52,822,000 after buying an additional 2,010 shares in the last quarter. Congress Asset Management Co. grew its position in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after buying an additional 34,299 shares in the last quarter. Systematic Financial Management LP grew its position in shares of ICF International by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after buying an additional 2,484 shares in the last quarter. Tributary Capital Management LLC grew its position 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 buying an additional 20,861 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of ICF International by 411.7% during the 4th quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider’s stock worth $10,756,000 after buying an additional 72,595 shares in the last quarter. 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.