ICF International, Inc. (NASDAQ:ICFI) Director Purchases $55,352.00 in Stock

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) Director Scott B. Salmirs acquired 400 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the transaction, the director now directly owns 5,803 shares of the company's stock, valued at $803,019.14. This trade represents a 7.40 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

ICF International Price Performance

NASDAQ:ICFI traded down $1.81 during trading hours on Tuesday, hitting $133.46. The company's stock had a trading volume of 262,784 shares, compared to its average volume of 107,830. 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, Inc. has a 52-week low of $128.28 and a 52-week high of $179.67. The business's 50-day moving average is $166.17 and its two-hundred day moving average is $154.27. The company has a market capitalization of $2.50 billion, a PE ratio of 23.46 and a beta of 0.61.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period in the previous year, the business earned $1.81 earnings per share. ICF International's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts anticipate that ICF International, Inc. will post 7.45 EPS for the current fiscal year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.42%. ICF International's dividend payout ratio (DPR) is 9.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of ICF International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. Sidoti upgraded shares of ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a research note on Tuesday. Truist Financial increased their price objective on ICF International from $155.00 to $180.00 and gave the company a "hold" rating in a report on Friday, November 1st. Finally, Barrington Research reaffirmed an "outperform" rating and set a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $177.25.

Institutional Investors Weigh In On ICF International

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider's stock worth $84,000 after buying an additional 58 shares during the last quarter. SG Americas Securities LLC purchased a new position in ICF International in the 1st quarter worth approximately $167,000. Marshall Wace LLP acquired a new stake in ICF International during the 2nd quarter valued at $301,000. AlphaMark Advisors LLC acquired a new position in shares of ICF International in the third quarter worth about $342,000. Finally, Martingale Asset Management L P boosted its stake in shares of ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock valued at $567,000 after buying an additional 690 shares during the last quarter. 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.