ICF International, Inc. (NASDAQ:ICFI) Short Interest Update

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 171,400 shares, a decrease of 10.3% from the April 30th total of 191,000 shares. Based on an average daily volume of 84,400 shares, the short-interest ratio is currently 2.0 days. Approximately 0.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

ICFI has been the topic of a number of recent analyst reports. Canaccord Genuity Group restated a "buy" rating and set a $170.00 target price on shares of ICF International in a research note on Tuesday, February 20th. Truist Financial raised their target price on shares of ICF International from $148.00 to $168.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. Finally, Barrington Research restated an "outperform" rating and set a $173.00 target price on shares of ICF International in a research note on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, ICF International currently has a consensus rating of "Moderate Buy" and an average target price of $162.75.

ICF International Price Performance

Shares of ICF International stock traded down $2.34 on Monday, hitting $140.41. 104,319 shares of the company traded hands, compared to its average volume of 89,606. The stock has a market capitalization of $2.63 billion, a P/E ratio of 28.54 and a beta of 0.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.19 and a current ratio of 1.19. ICF International has a 52 week low of $114.51 and a 52 week high of $158.00. The business has a 50-day simple moving average of $145.15 and a 200 day simple moving average of $142.59.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.33. The firm had revenue of $494.44 million for the quarter, compared to analysts' expectations of $487.95 million. ICF International had a net margin of 4.74% and a return on equity of 14.42%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 earnings per share. Research analysts expect that ICF International will post 6.79 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, June 7th. ICF International's payout ratio is currently 11.38%.

Institutional Investors Weigh In On ICF International

Several institutional investors and hedge funds have recently modified their holdings of ICFI. Whittier Trust Co. purchased a new position in shares of ICF International in the first quarter valued at $25,000. SG Americas Securities LLC purchased a new position in shares of ICF International in the first quarter valued at $167,000. First National Advisers LLC purchased a new position in shares of ICF International in the third quarter valued at $202,000. Handelsbanken Fonder AB grew its holdings in shares of ICF International by 26.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider's stock valued at $647,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Trust Point Inc. purchased a new position in shares of ICF International in the fourth quarter valued at $995,000. Institutional investors 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.