ICF International (NASDAQ:ICFI) Sees Large Volume Increase - Should You Buy?

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) saw unusually-high trading volume on Friday . Approximately 226,273 shares traded hands during trading, an increase of 122% from the previous session's volume of 101,997 shares.The stock last traded at $143.52 and had previously closed at $154.99.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barrington Research reaffirmed an "outperform" rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Truist Financial upped their target price on ICF International from $155.00 to $180.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of ICF International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $174.67.

ICF International Trading Down 11.5 %

The company has a market cap of $2.57 billion, a price-to-earnings ratio of 24.11 and a beta of 0.61. 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 business has a 50 day simple moving average of $167.28 and a 200 day simple moving average of $154.38.

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 analysts' consensus estimates of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. During the same quarter in the prior year, the firm earned $1.81 EPS. The company's revenue was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that ICF International, Inc. will post 7.45 EPS for the current year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, December 6th. ICF International's dividend payout ratio (DPR) is presently 9.84%.

Insider Activity

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total value of $249,679.94. Following the transaction, the executive vice president now owns 3,417 shares of the company's stock, valued at approximately $593,293.71. This represents a 29.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Wasson sold 1,417 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the transaction, the chief executive officer now owns 52,605 shares in the company, valued at approximately $8,687,189.70. This trade represents a 2.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,823 shares of company stock valued at $1,165,078. Company insiders own 1.39% of the company's stock.

Institutional Investors Weigh In On ICF International

Several hedge funds have recently bought and sold shares of ICFI. Geode Capital Management LLC increased its holdings in shares of ICF International by 4.3% in 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. Pier Capital LLC bought a new stake in ICF International during the 3rd quarter worth approximately $6,579,000. Systematic Financial Management LP raised its holdings in ICF International by 0.9% during 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 during the period. Captrust Financial Advisors lifted its stake in ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider's stock valued at $603,000 after buying an additional 967 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock valued at $567,000 after buying an additional 690 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.