ICF International (NASDAQ:ICFI) Hits New 12-Month Low - Here's Why

ICF International, Inc. (NASDAQ:ICFI - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $116.66 and last traded at $117.33, with a volume of 9294 shares changing hands. The stock had previously closed at $118.46.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ICFI shares. 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, November 19th. StockNews.com downgraded shares of ICF International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 27th. 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. Barrington Research reiterated an "outperform" rating and issued a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. Finally, Truist Financial cut their price objective 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $168.60.

ICF International Trading Down 0.3 %

The stock's 50-day simple moving average is $144.59 and its two-hundred day simple moving average is $151.08. 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 firm has a market capitalization of $2.22 billion, a P/E ratio of 20.75 and a beta of 0.54.

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

ICF International Announces Dividend

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

Insider Buying and Selling

In other news, COO James C. M. Morgan sold 2,500 shares of the firm's 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 completion of the transaction, the chief operating officer now owns 37,663 shares in the company, valued at $6,593,661.41. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Scott B. Salmirs bought 400 shares of ICF International stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. In the last three months, insiders have sold 4,038 shares of company stock valued at $705,355. Corporate insiders own 1.39% of the company's stock.

Hedge Funds Weigh In On ICF International

Institutional investors have recently added to or reduced their stakes in the company. 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 valued at $73,566,000 after acquiring an additional 18,109 shares during the last quarter. Congress Asset Management Co. lifted its position in 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 valued at $59,014,000 after purchasing an additional 34,299 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of ICF International by 0.9% in the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider's stock worth $46,542,000 after buying an additional 2,484 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ICF International by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider's stock worth $14,778,000 after buying an additional 2,173 shares during the last quarter. Finally, Pier Capital LLC purchased a new position in ICF International in the third quarter worth about $6,579,000. Hedge funds and other 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.