ICF International (NASDAQ:ICFI) Sees Large Volume Increase - Still a Buy?

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 410,332 shares changed hands during trading, an increase of 28% from the previous session's volume of 321,728 shares.The stock last traded at $86.23 and had previously closed at $87.75.

Analyst Ratings Changes

ICFI has been the topic of several research reports. Truist Financial cut their price target on ICF International from $180.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, November 22nd. Sidoti raised ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Tuesday, November 19th. D. Boral Capital reaffirmed an "outperform" rating and set a $174.00 price target on shares of ICF International in a research note on Monday, December 16th. Canaccord Genuity Group reissued a "hold" rating and issued a $100.00 target price (down previously from $200.00) on shares of ICF International in a research note on Friday, February 28th. Finally, Barrington Research cut their target price on ICF International from $174.00 to $102.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ICF International has a consensus rating of "Moderate Buy" and an average price target of $140.20.

ICF International Stock Down 1.8 %

The firm has a fifty day simple moving average of $110.46 and a 200-day simple moving average of $138.18. The company has a market capitalization of $1.58 billion, a P/E ratio of 15.14 and a beta of 0.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

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ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, March 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.65%. ICF International's payout ratio is presently 9.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Ethic Inc. bought a new position in shares of ICF International during the fourth quarter worth about $292,000. BNP Paribas Financial Markets boosted its position in ICF International by 411.7% during the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider's stock valued at $10,756,000 after purchasing an additional 72,595 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in ICF International by 5,171.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider's stock valued at $8,810,000 after purchasing an additional 72,502 shares during the last quarter. MetLife Investment Management LLC boosted its position in ICF International by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider's stock valued at $1,358,000 after purchasing an additional 626 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in ICF International during the fourth quarter valued at approximately $149,000. 94.12% of the stock is currently owned by institutional investors.

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.