ICF International (NASDAQ:ICFI) Hits New 12-Month Low - What's Next?

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $116.45 and last traded at $116.51, with a volume of 57526 shares. The stock had previously closed at $118.82.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Truist Financial decreased their price objective on ICF International from $180.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, November 22nd. Sidoti raised ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Tuesday, November 19th. StockNews.com cut ICF International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 27th. Barrington Research restated an "outperform" rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Finally, D. Boral Capital restated an "outperform" rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.60.

ICF International Price Performance

The firm has a market cap of $2.16 billion, a P/E ratio of 20.27 and a beta of 0.57. 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 business has a 50-day moving average of $138.38 and a two-hundred day moving average of $150.15.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.77 by $0.36. The business had revenue of $517.00 million for the quarter, compared to analysts' expectations of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 earnings per share. On average, sell-side analysts anticipate that ICF International, Inc. will post 7.35 earnings per share 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. Shareholders 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 dividend on an annualized basis and a yield of 0.49%. ICF International's dividend payout ratio (DPR) is currently 9.84%.

Insiders Place Their Bets

In related news, Director Scott B. Salmirs acquired 400 shares of the business's stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $138.38 per share, with a total value of $55,352.00. Following the transaction, the director now directly owns 5,803 shares of the company's stock, valued at $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Anne F. Choate sold 1,438 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the sale, the executive vice president now directly owns 3,417 shares of the company's stock, valued at $593,293.71. This trade represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,038 shares of company stock worth $705,355. Company insiders own 1.39% of the company's stock.

Institutional Trading of ICF International

Several hedge funds have recently bought and sold shares of ICFI. Geode Capital Management LLC increased its position in shares of ICF International by 4.3% during the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider's stock worth $73,566,000 after acquiring an additional 18,109 shares in the last quarter. Congress Asset Management Co. boosted its position 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 valued at $59,014,000 after buying an additional 34,299 shares during the last quarter. Systematic Financial Management LP grew its holdings in ICF International by 0.9% during the third 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 lifted its stake in ICF International by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider's stock valued at $14,778,000 after acquiring an additional 2,173 shares in the last quarter. Finally, Pier Capital LLC purchased a new position in ICF International during the 3rd quarter worth $6,579,000. 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.