ICF International (NASDAQ:ICFI) Trading Up 4.9% – Still a Buy?

ICF International, Inc. (NASDAQ:ICFI)’s stock price was up 4.9% on Monday . The company traded as high as $87.86 and last traded at $88.83. Approximately 36,592 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 309,853 shares. The stock had previously closed at $84.65.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ICFI shares. Barrington Research lowered their price objective on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Canaccord Genuity Group reiterated a “hold” rating and set a $100.00 price target (down from $200.00) on shares of ICF International in a research report on Friday, February 28th. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Tuesday, November 19th. D. Boral Capital reaffirmed an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Monday, December 16th. Finally, StockNews.com cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.20.

ICF International Stock Up 4.0 %

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 stock has a market cap of $1.62 billion, a price-to-earnings ratio of 15.43 and a beta of 0.56. The business’s 50 day moving average is $112.32 and its 200 day moving average is $139.57.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.64%. ICF International’s dividend payout ratio is 9.61%.

Institutional Investors Weigh In On ICF International

Several hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the period. Chartwell Investment Partners LLC raised its holdings in ICF International by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock worth $1,377,000 after acquiring an additional 67 shares during the period. Zions Bancorporation N.A. boosted its stake in ICF International by 17.4% during the 3rd quarter. Zions Bancorporation N.A. now owns 15,994 shares of the business services provider’s stock valued at $2,668,000 after purchasing an additional 2,368 shares during the period. Quantbot Technologies LP bought a new position in ICF International during the third quarter worth $852,000. Finally, BNP Paribas Financial Markets raised its holdings in ICF International by 94.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after acquiring an additional 8,548 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.