Truist Financial Cuts ICF International (NASDAQ:ICFI) Price Target to $140.00

ICF International (NASDAQ:ICFI) had its target price reduced by Truist Financial from $180.00 to $140.00 in a report published on Friday,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

ICFI has been the topic of several other research reports. Barrington Research restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. StockNews.com raised ICF International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $167.25.

ICF International Stock Down 0.9 %

Shares of NASDAQ ICFI opened at $134.29 on Friday. 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 has a 1 year low of $128.28 and a 1 year high of $179.67. The stock’s 50-day simple moving average is $164.38 and its 200-day simple moving average is $153.95. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 23.60 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last announced its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. ICF International’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 EPS. As a group, equities analysts anticipate that ICF International will post 7.44 earnings per share 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. Investors of record on Friday, December 6th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio (DPR) is 9.84%.

Insider Buying and Selling

In other news, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the transaction, the chief executive officer now owns 52,605 shares in the company, valued at approximately $8,687,189.70. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the sale, the chief operating officer now directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,823 shares of company stock worth $1,165,078 in the last three months. 1.39% of the stock is owned by insiders.

Institutional Investors Weigh In On ICF International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of ICF International during the first quarter worth $167,000. Argent Capital Management LLC raised its holdings in shares of ICF International by 10.2% during the second quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after acquiring an additional 2,542 shares during the period. Bank of New York Mellon Corp lifted its position in shares of ICF International by 2.2% in 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 acquiring an additional 2,173 shares in the last quarter. Peregrine Capital Management LLC boosted its stake 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 worth $15,817,000 after purchasing an additional 1,367 shares during the period. Finally, Rhumbline Advisers grew its position in 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 purchasing an additional 247 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

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.