ICF International (NASDAQ:ICFI) Stock Rating Upgraded by Sidoti

Sidoti upgraded shares of ICF International (NASDAQ:ICFI - Free Report) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat reports. Sidoti currently has $185.00 price objective on the business services provider's stock.

A number of other research firms also recently commented on ICFI. Truist Financial boosted their target price on ICF International from $155.00 to $180.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. StockNews.com upgraded ICF International from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Finally, Barrington Research restated an "outperform" rating and issued a $174.00 target price on shares of ICF International in a research note on Friday, September 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $177.25.

ICF International Trading Down 1.3 %

NASDAQ ICFI traded down $1.81 on Tuesday, hitting $133.46. The company's stock had a trading volume of 262,783 shares, compared to its average volume of 107,830. The firm has a market cap of $2.50 billion, a P/E ratio of 23.45 and a beta of 0.61. 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 company's 50-day simple moving average is $166.75 and its 200 day simple moving average is $154.38. ICF International has a 52-week low of $128.28 and a 52-week high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings data 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. 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 analyst estimates of $528.02 million. During the same quarter in the previous year, the company posted $1.81 earnings per share. ICF International's revenue was up 3.1% compared to the same quarter last year. Research analysts predict that ICF International will post 7.45 EPS for the current fiscal year.

ICF International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.42%. ICF International's dividend payout ratio (DPR) is 9.84%.

Insider Transactions at ICF International

In other news, CEO John Wasson sold 1,417 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the transaction, the chief executive officer now owns 52,605 shares of the company's stock, valued at approximately $8,687,189.70. This trade represents a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Anne F. Choate sold 1,368 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the completion of the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at $563,805. This represents a 28.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,823 shares of company stock valued at $1,165,078 in the last quarter. 1.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider's stock worth $84,000 after buying an additional 58 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of ICF International during the 1st quarter valued at $167,000. Marshall Wace LLP bought a new position in shares of ICF International during the 2nd quarter valued at $301,000. AlphaMark Advisors LLC bought a new position in shares of ICF International during the 3rd quarter worth about $342,000. Finally, Martingale Asset Management L P boosted its position in shares of ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock valued at $567,000 after acquiring an additional 690 shares in the last quarter. Institutional investors and hedge funds 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.