ICF International, Inc. (NASDAQ:ICFI) Short Interest Down 19.5% in March

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 542,700 shares, a drop of 19.5% from the March 15th total of 674,200 shares. Based on an average daily volume of 320,100 shares, the days-to-cover ratio is presently 1.7 days. Approximately 3.0% of the shares of the company are sold short.

ICF International Price Performance

Shares of ICFI traded up $0.76 during midday trading on Thursday, hitting $85.31. The company's stock had a trading volume of 16,825 shares, compared to its average volume of 182,390. ICF International has a one year low of $75.91 and a one year high of $179.67. The company's fifty day simple moving average is $87.20 and its two-hundred day simple moving average is $120.70. 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 stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 15.05 and a beta of 0.49.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Friday, March 28th were given a dividend of $0.14 per share. The ex-dividend date was Friday, March 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.66%. ICF International's dividend payout ratio is currently 9.61%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ICFI shares. Truist Financial decreased their price target on shares of ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Barrington Research lowered their price target on shares of ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Canaccord Genuity Group reissued 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. Finally, StockNews.com raised shares of ICF International from a "hold" rating to a "buy" rating in a research report on Saturday, March 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $129.20.

Institutional Investors Weigh In On ICF International

A number of hedge funds and other institutional investors have recently bought and sold shares of ICFI. SG Americas Securities LLC raised its holdings in ICF International by 1,156.9% during the 1st quarter. SG Americas Securities LLC now owns 13,864 shares of the business services provider's stock worth $1,178,000 after purchasing an additional 12,761 shares during the last quarter. GAMMA Investing LLC raised its holdings in ICF International by 23,974.1% during the 1st quarter. GAMMA Investing LLC now owns 13,000 shares of the business services provider's stock worth $11,050,000 after purchasing an additional 12,946 shares during the last quarter. Ethic Inc. bought a new position in ICF International during the 4th quarter worth approximately $292,000. BNP Paribas Financial Markets raised its holdings in ICF International by 411.7% during the 4th quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider's stock worth $10,756,000 after purchasing an additional 72,595 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in ICF International by 5,171.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider's stock worth $8,810,000 after purchasing an additional 72,502 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

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.