Brokerages Set ICF International, Inc. (NASDAQ:ICFI) Price Target at $177.25

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) have been given an average rating of "Moderate Buy" by the five ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $177.25.

A number of brokerages have recently issued reports on ICFI. Barrington Research reiterated an "outperform" rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. StockNews.com upgraded ICF International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. Truist Financial increased their price objective on ICF International from $155.00 to $180.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Finally, Sidoti raised ICF International from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Tuesday.

Insider Buying and Selling at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction dated Wednesday, October 16th. The stock was 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 approximately $6,593,661.41. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott B. Salmirs bought 400 shares of the company's stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the transaction, the director now directly owns 5,803 shares in the company, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 6,823 shares of company stock valued at $1,165,078 over the last ninety days. 1.39% of the stock is currently owned by company insiders.

Institutional Trading of ICF International

Institutional investors have recently made changes to their positions in the company. Congress Asset Management Co. grew its stake in shares of 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 purchasing an additional 34,299 shares in the last quarter. Tilia Fiduciary Partners Inc. purchased a new position in ICF International during the third quarter worth about $2,364,000. Argent Capital Management LLC grew its position in ICF International by 10.2% during the second quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider's stock worth $4,070,000 after buying an additional 2,542 shares during the period. Marshall Wace LLP acquired a new position in ICF International during the second quarter worth about $301,000. Finally, SG Americas Securities LLC grew its position in ICF International by 730.3% during the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider's stock worth $1,370,000 after buying an additional 8,114 shares during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

ICF International Stock Performance

Shares of NASDAQ:ICFI opened at $136.48 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.56 billion, a P/E ratio of 23.99 and a beta of 0.61. The business has a 50-day moving average price of $165.65 and a two-hundred day moving average price of $154.15. ICF International has a 1-year low of $128.28 and a 1-year high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last announced 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 in the prior year, the business posted $1.81 EPS. ICF International's revenue was up 3.1% on a year-over-year basis. Equities analysts predict that ICF International will post 7.45 earnings per share for the current year.

ICF International Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.41%. ICF International's dividend payout ratio (DPR) is presently 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.