ICF International (NASDAQ:ICFI) Sees Strong Trading Volume

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 45,401 shares traded hands during trading, a decline of 49% from the previous session's volume of 89,110 shares.The stock last traded at $147.93 and had previously closed at $146.20.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ICFI shares. Canaccord Genuity Group reissued a "buy" rating and set a $170.00 price target on shares of ICF International in a research report on Tuesday, February 20th. Barrington Research reiterated an "outperform" rating and issued a $173.00 price target on shares of ICF International in a research note on Friday, May 31st. Finally, Truist Financial upped their price objective on ICF International from $148.00 to $168.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $162.75.

ICF International Price Performance

The firm has a market capitalization of $2.69 billion, a P/E ratio of 29.14 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. The business has a fifty day moving average of $144.42 and a 200-day moving average of $143.15.

ICF International (NASDAQ:ICFI - Get Free Report) last released its earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.33. ICF International had a return on equity of 14.42% and a net margin of 4.74%. The firm had revenue of $494.44 million during the quarter, compared to the consensus estimate of $487.95 million. During the same period in the prior year, the firm posted $1.42 earnings per share. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts forecast that ICF International, Inc. will post 6.79 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 7th will be issued a $0.14 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.39%. ICF International's payout ratio is currently 11.38%.

Hedge Funds Weigh In On ICF International

Hedge funds have recently modified their holdings of the stock. Trust Point Inc. acquired a new stake in shares of ICF International in the fourth quarter valued at about $995,000. TimesSquare Capital Management LLC acquired a new stake in shares of ICF International in the fourth quarter valued at about $16,126,000. Strs Ohio lifted its stake in shares of ICF International by 14.9% in the fourth quarter. Strs Ohio now owns 54,816 shares of the business services provider's stock valued at $7,350,000 after buying an additional 7,100 shares during the period. Handelsbanken Fonder AB lifted its stake 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 buying an additional 1,000 shares during the period. Finally, Torray Investment Partners LLC lifted its stake in shares of ICF International by 1.0% in the fourth quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider's stock valued at $1,743,000 after buying an additional 130 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

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.