ICF International (NASDAQ:ICFI) Shares Down 5.7% - Here's Why

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) shares traded down 5.7% during trading on Thursday . The company traded as low as $129.40 and last traded at $125.23. Approximately 12,324 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 196,063 shares. The stock had previously closed at $132.82.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ICFI shares. StockNews.com lowered ICF International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 27th. D. Boral Capital reiterated an "outperform" rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Truist Financial lowered their target price on ICF International from $180.00 to $140.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. Finally, Sidoti raised shares of 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, ICF International has a consensus rating of "Moderate Buy" and an average price target of $168.60.

ICF International Stock Performance

The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 21.69 and a beta of 0.57. The stock has a 50-day moving average of $127.09 and a 200-day moving average of $148.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.36. The company had revenue of $517.00 million for 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%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.81 earnings per share. As a group, analysts anticipate that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 6th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.45%. ICF International's dividend payout ratio is 9.84%.

Insider Activity

In other news, Director Scott B. Salmirs bought 400 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired 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 owns 5,803 shares in the company, valued at approximately $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 1.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ICF International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in shares of ICF International in the second quarter valued at approximately $301,000. Tilia Fiduciary Partners Inc. bought a new stake in ICF International in the 3rd quarter valued at $2,364,000. AlphaMark Advisors LLC acquired a new stake in ICF International during the 3rd quarter valued at $342,000. Argent Capital Management LLC boosted its position in ICF International by 5.3% during the third quarter. Argent Capital Management LLC now owns 28,880 shares of the business services provider's stock worth $4,817,000 after purchasing an additional 1,462 shares during the period. Finally, Congress Asset Management Co. increased its holdings in shares of ICF International by 10.7% in 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. 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.