ICF International, Inc. (NASDAQ:ICFI) Short Interest Up 10.6% in December

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 771,200 shares, a growth of 10.6% from the December 15th total of 697,600 shares. Based on an average daily trading volume, of 186,300 shares, the short-interest ratio is currently 4.1 days. Currently, 4.2% of the company's stock are short sold.

ICF International Stock Performance

Shares of NASDAQ:ICFI traded up $0.14 during trading on Monday, reaching $129.44. The company had a trading volume of 127,323 shares, compared to its average volume of 162,439. 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 stock's fifty day moving average price is $129.33 and its 200 day moving average price is $148.89. ICF International has a fifty-two week low of $114.99 and a fifty-two week high of $179.67. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 22.75 and a beta of 0.57.

ICF International (NASDAQ:ICFI - Get Free Report) last announced 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. The company had revenue of $517.00 million for the quarter, compared to analysts' expectations of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International's revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 EPS. As a group, equities research analysts predict that ICF International will post 7.44 EPS for the current year.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 6th were given a $0.14 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.43%. ICF International's payout ratio is currently 9.84%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ICFI shares. Sidoti upgraded ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Tuesday, November 19th. D. Boral Capital restated an "outperform" rating and set a $174.00 target price on shares of ICF International in a research report on Monday, December 16th. Truist Financial reduced their price target on shares of ICF International from $180.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, November 22nd. Finally, StockNews.com cut shares of ICF International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $168.60.

Insiders Place Their Bets

In related news, Director Scott B. Salmirs acquired 400 shares of the firm's stock in a transaction on Monday, November 18th. The stock was bought at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the purchase, the director now directly owns 5,803 shares of the company's stock, valued at approximately $803,019.14. The trade was a 7.40 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total value of $249,679.94. Following the sale, the executive vice president now owns 3,417 shares in the company, valued at $593,293.71. This trade represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently added to or reduced their stakes in ICFI. Marshall Wace LLP acquired a new stake in shares of ICF International in the 2nd quarter valued at approximately $301,000. Tilia Fiduciary Partners Inc. purchased a new position in ICF International in the third quarter worth $2,364,000. AlphaMark Advisors LLC acquired a new stake in ICF International in the third quarter valued at $342,000. Argent Capital Management LLC boosted 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 purchasing an additional 1,462 shares in the last quarter. Finally, Congress Asset Management Co. boosted 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 purchasing an additional 34,299 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

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.