Short Interest in ICF International, Inc. (NASDAQ:ICFI) Increases By 30.4%

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 603,500 shares, a growth of 30.4% from the November 15th total of 462,900 shares. Approximately 3.3% of the company's stock are short sold. Based on an average daily trading volume, of 150,200 shares, the days-to-cover ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ICFI shares. Barrington Research reiterated an "outperform" rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. StockNews.com downgraded shares of ICF International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 27th. Sidoti upgraded shares of ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Tuesday, November 19th. Finally, Truist Financial lowered their target price on shares of ICF International from $180.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.25.

ICF International Trading Down 1.3 %

Shares of NASDAQ:ICFI traded down $1.62 on Friday, hitting $125.28. The company had a trading volume of 250,692 shares, compared to its average volume of 115,288. ICF International has a 1 year low of $124.78 and a 1 year high of $179.67. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 22.02 and a beta of 0.54. The firm's 50-day simple moving average is $154.41 and its two-hundred day simple moving average is $152.52. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly 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 net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. During the same period in the previous year, the business posted $1.81 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts anticipate that ICF International will post 7.35 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, December 6th. ICF International's dividend payout ratio is presently 9.84%.

Insiders Place Their Bets

In other news, Director Scott B. Salmirs purchased 400 shares of ICF International stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the transaction, the director now owns 5,803 shares of the company's stock, valued at approximately $803,019.14. The trade was a 7.40 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total transaction of $249,679.94. Following the sale, the executive vice president now owns 3,417 shares in the company, valued at $593,293.71. This represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,038 shares of company stock valued at $705,355 in the last three months. 1.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in ICF International by 730.3% in the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider's stock worth $1,370,000 after acquiring an additional 8,114 shares during the period. Argent Capital Management LLC lifted its position in shares of ICF International by 10.2% during the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider's stock valued at $4,070,000 after buying an additional 2,542 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of ICF International by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider's stock valued at $14,778,000 after buying an additional 2,173 shares in the last quarter. Peregrine Capital Management LLC lifted its holdings in ICF International by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider's stock valued at $15,817,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of ICF International by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider's stock worth $4,081,000 after acquiring an additional 247 shares during the period. 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.

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