ICF International, Inc. (NASDAQ:ICFI) Receives $168.60 Average Target Price from Analysts

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $168.60.

Several brokerages recently issued reports on ICFI. StockNews.com cut shares of ICF International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 27th. Barrington Research reiterated an "outperform" rating and set a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. D. Boral Capital restated an "outperform" rating and issued a $174.00 target price on shares of ICF International in a report on Monday, December 16th. Truist Financial reduced 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, Sidoti upgraded shares of 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, November 19th.

Insider Buying and Selling at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the sale, the chief operating officer now directly owns 37,663 shares of the company's stock, valued at $6,593,661.41. This represents a 6.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total transaction of $249,679.94. Following the sale, the executive vice president now owns 3,417 shares in the company, valued at approximately $593,293.71. This trade represents a 29.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,038 shares of company stock valued at $705,355 over the last 90 days. 1.39% of the stock is owned by insiders.

Hedge Funds Weigh In On ICF International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of ICF International by 4.3% during the 3rd 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 in the last quarter. Congress Asset Management Co. boosted its holdings in ICF International by 10.7% in the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider's stock valued at $59,014,000 after purchasing an additional 34,299 shares in the last quarter. Systematic Financial Management LP increased its stake in ICF International by 0.9% in the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider's stock valued at $46,542,000 after purchasing an additional 2,484 shares during the last quarter. Pier Capital LLC acquired a new stake in ICF International during the third quarter worth approximately $6,579,000. Finally, Argent Capital Management LLC lifted its position in shares of ICF International by 5.3% during the 3rd quarter. Argent Capital Management LLC now owns 28,880 shares of the business services provider's stock worth $4,817,000 after buying an additional 1,462 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

ICF International Price Performance

ICF International stock traded up $0.97 during midday trading on Friday, reaching $120.11. The company had a trading volume of 249,108 shares, compared to its average volume of 185,218. ICF International has a 12-month low of $114.99 and a 12-month high of $179.67. The firm's fifty day simple moving average is $135.28 and its 200-day simple moving average is $149.55. 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 has a market capitalization of $2.25 billion, a P/E ratio of 21.11 and a beta of 0.57.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analysts' expectations of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.81 earnings per share. As a group, equities analysts anticipate that ICF International will post 7.35 EPS for the current year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.47%. ICF International's dividend payout ratio (DPR) is currently 9.84%.

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.