ICF International (NASDAQ:ICFI) Shares Down 3.1% - Here's What Happened

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) were down 3.1% during mid-day trading on Friday . The company traded as low as $162.10 and last traded at $163.30. Approximately 4,789 shares changed hands during trading, a decline of 95% from the average daily volume of 96,688 shares. The stock had previously closed at $168.59.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Barrington Research reissued an "outperform" rating and issued a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. Truist Financial increased their price target on ICF International from $155.00 to $180.00 and gave the company a "hold" rating in a research note on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $166.00.

ICF International Stock Down 0.5 %

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. The business's 50-day simple moving average is $166.94 and its 200-day simple moving average is $152.65. The company has a market capitalization of $3.15 billion, a PE ratio of 32.20 and a beta of 0.61.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its earnings results on Thursday, October 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.32. The company had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 earnings per share. As a group, equities research analysts anticipate that ICF International, Inc. will post 7.06 EPS for the current fiscal year.

Insider Activity at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,368 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the sale, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO John Wasson sold 1,417 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the transaction, the chief executive officer now directly owns 52,605 shares of the company's stock, valued at approximately $8,687,189.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares in the company, valued at $563,805. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,285 shares of company stock worth $897,398. 1.39% of the stock is owned by corporate insiders.

Institutional Trading of ICF International

Several large investors have recently bought and sold shares of the business. Congress Asset Management Co. grew its position in 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 worth $59,014,000 after acquiring an additional 34,299 shares during the period. Tilia Fiduciary Partners Inc. acquired a new position in shares of ICF International in the 3rd quarter worth approximately $2,364,000. SG Americas Securities LLC increased its holdings in ICF International by 730.3% in the 2nd 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 during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of ICF International by 5.5% in 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. Finally, Clearbridge Investments LLC increased its stake in ICF International by 2.5% during the 1st quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider's stock worth $19,187,000 after buying an additional 3,070 shares during the period. 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.