ICF International (NASDAQ:ICFI) Sets New 12-Month Low - Time to Sell?

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $124.50 and last traded at $124.50, with a volume of 255 shares trading hands. The stock had previously closed at $125.94.

Analysts Set New Price Targets

A number of analysts have recently commented on ICFI shares. Sidoti upgraded ICF International from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Tuesday, November 19th. D. Boral Capital reiterated an "outperform" rating and issued a $174.00 price objective on shares of ICF International in a research note on Monday. StockNews.com lowered shares of ICF International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 27th. 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 decreased 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 note on Friday, November 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $168.60.

ICF International Price Performance

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 company has a 50 day moving average price of $152.77 and a 200 day moving average price of $152.41. The firm has a market cap of $2.37 billion, a PE ratio of 22.21 and a beta of 0.54.

ICF International (NASDAQ:ICFI - Get Free Report) last released its earnings results 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. The company had revenue of $517.00 million during 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%. The business's revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $1.81 EPS. Sell-side analysts expect that ICF International, Inc. will post 7.35 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, December 6th. ICF International's dividend payout ratio (DPR) is currently 9.84%.

Insider Transactions at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the sale, the chief operating officer now owns 37,663 shares of the company's stock, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Salmirs acquired 400 shares of ICF International stock in a transaction dated 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 transaction, the director now directly owns 5,803 shares of the company's stock, valued at approximately $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 4,038 shares of company stock valued at $705,355 in the last ninety days. 1.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ICF International

A number of institutional investors have recently modified their holdings of ICFI. Argent Capital Management LLC boosted its stake in ICF International by 10.2% in the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider's stock worth $4,070,000 after buying an additional 2,542 shares during the last quarter. Bank of New York Mellon Corp raised its stake in ICF International by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider's stock worth $14,778,000 after purchasing an additional 2,173 shares during the period. Peregrine Capital Management LLC boosted its holdings in shares of ICF International by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider's stock valued at $15,817,000 after purchasing an additional 1,367 shares during the last quarter. Rhumbline Advisers grew its stake in shares of ICF International by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider's stock valued at $4,081,000 after buying an additional 247 shares during the period. Finally, Torray Investment Partners LLC boosted its holdings in ICF International by 8.7% in the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider's stock valued at $2,145,000 after acquiring an additional 1,159 shares during the last quarter. Institutional investors and hedge funds 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.