ICF International (NASDAQ:ICFI) Hits New 12-Month Low – What’s Next?

ICF International, Inc. (NASDAQ:ICFI) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $128.18 and last traded at $128.28, with a volume of 127137 shares. The stock had previously closed at $131.27.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Tuesday, November 19th. Truist Financial decreased 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. Finally, Barrington Research reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, ICF International currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.25.

ICF International Trading Down 2.3 %

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50-day moving average is $156.72 and its two-hundred day moving average is $152.92. The stock has a market cap of $2.41 billion, a P/E ratio of 23.07 and a beta of 0.54.

ICF International (NASDAQ:ICFI) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business earned $1.81 EPS. The business’s revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.44%. ICF International’s payout ratio is 9.84%.

Insider Buying and Selling

In related news, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at $593,293.71. This trade represents a 29.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the sale, the chief operating officer now directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,038 shares of company stock valued at $705,355 over the last quarter. 1.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ICF International

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the period. Marshall Wace LLP acquired a new stake in shares of ICF International during the 2nd quarter worth approximately $301,000. AlphaMark Advisors LLC purchased a new position in shares of ICF International during the 3rd quarter valued at approximately $342,000. Martingale Asset Management L P lifted its stake in shares of ICF International by 25.5% in 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 purchasing an additional 690 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after buying an additional 967 shares in the last quarter. Institutional investors and hedge funds 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.