ICF International (NASDAQ:ICFI) Raised to “Buy” at Sidoti

Sidoti upgraded shares of ICF International (NASDAQ:ICFI) from a neutral rating to a buy rating in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has $185.00 price objective on the business services provider’s stock.

A number of other equities analysts also recently issued reports on ICFI. Barrington Research reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. Truist Financial increased their price objective on shares of ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $177.25.

ICF International Trading Down 1.3 %

ICF International stock opened at $133.46 on Tuesday. ICF International has a 52 week low of $128.28 and a 52 week high of $179.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 23.46 and a beta of 0.61. The stock has a 50-day moving average price of $166.17 and a 200 day moving average price of $154.27.

ICF International (NASDAQ:ICFI) last issued 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 business had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same quarter in the previous year, the firm posted $1.81 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that ICF International will post 7.45 EPS for the current year.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s payout ratio is currently 9.84%.

Insider Buying and Selling at ICF International

In other ICF International news, CEO John Wasson sold 1,417 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the sale, the chief executive officer now owns 52,605 shares of the company’s stock, valued at $8,687,189.70. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the sale, the chief operating officer now owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,823 shares of company stock worth $1,165,078 in the last ninety days. 1.39% of the stock is owned by insiders.

Institutional Trading of ICF International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Congress Asset Management Co. boosted its stake in 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 buying an additional 34,299 shares during the period. Tilia Fiduciary Partners Inc. purchased a new position in shares of ICF International during the 3rd quarter worth approximately $2,364,000. Argent Capital Management LLC increased its holdings in ICF International by 10.2% in the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after purchasing an additional 2,542 shares during the last quarter. Marshall Wace LLP acquired a new stake in ICF International in the 2nd quarter valued at approximately $301,000. Finally, SG Americas Securities LLC raised its position in ICF International by 730.3% in the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock valued at $1,370,000 after purchasing an additional 8,114 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

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.