Analysts Set ICF International, Inc. (NASDAQ:ICFI) Target Price at $159.75

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) have been given an average rating of "Moderate Buy" by the five analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $159.75.

Several research analysts have issued reports on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial cut shares of ICF International from a "buy" rating to a "hold" rating and decreased their target price for the stock from $168.00 to $155.00 in a report on Monday, July 1st.

ICF International Stock Up 0.6 %

NASDAQ ICFI traded up $0.95 during trading hours on Friday, reaching $168.11. 85,555 shares of the company's stock traded hands, compared to its average volume of 80,677. ICF International has a 52-week low of $115.67 and a 52-week high of $178.18. The firm has a market cap of $3.15 billion, a PE ratio of 32.27 and a beta of 0.61. The firm has a 50-day simple moving average of $166.01 and a 200 day simple moving average of $151.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.20. The company had revenue of $512.03 million during the quarter, compared to analysts' expectations of $505.70 million. ICF International had a net margin of 4.98% and a return on equity of 14.37%. ICF International's revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $1.57 EPS. Sell-side analysts anticipate that ICF International will post 7.06 EPS for the current fiscal year.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 6th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, September 6th. ICF International's dividend payout ratio is currently 10.75%.

Insider Buying and Selling at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total transaction of $381,250.00. Following the transaction, the chief operating officer now owns 40,163 shares of the company's stock, valued at $6,124,857.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO James C. M. Morgan sold 2,500 shares of the business's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total value of $381,250.00. Following the transaction, the chief operating officer now owns 40,163 shares of the company's stock, valued at approximately $6,124,857.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Wasson sold 1,417 shares of the business's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the transaction, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,785 shares of company stock valued at $1,278,648 over the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ICF International

Several hedge funds have recently modified their holdings of the stock. Tilia Fiduciary Partners Inc. purchased a new stake in ICF International during the third quarter valued at $2,364,000. SG Americas Securities LLC raised its stake in ICF International by 730.3% during the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider's stock valued at $1,370,000 after purchasing an additional 8,114 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in ICF International by 5.5% during the first quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider's stock valued at $19,105,000 after purchasing an additional 6,570 shares in the last quarter. Clearbridge Investments LLC raised its stake in ICF International by 2.5% during the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider's stock valued at $19,187,000 after purchasing an additional 3,070 shares in the last quarter. Finally, Argent Capital Management LLC raised its stake in ICF International by 10.2% during the second quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider's stock valued at $4,070,000 after purchasing an additional 2,542 shares in the last quarter. Hedge funds and other 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.