ICF International (NASDAQ:ICFI) Trading Down 2.2% – Should You Sell?

ICF International, Inc. (NASDAQ:ICFI)’s stock price fell 2.2% during trading on Friday . The company traded as low as $119.78 and last traded at $120.03. 93,591 shares were traded during mid-day trading, a decline of 20% from the average session volume of 116,385 shares. The stock had previously closed at $122.73.

Wall Street Analyst Weigh In

Several analysts have weighed in on ICFI shares. Barrington Research restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. Truist Financial dropped their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. D. Boral Capital reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Monday. Sidoti upgraded 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. Finally, StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, ICF International presently has an average rating of “Moderate Buy” and an average price target of $168.60.

ICF International Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The business’s 50-day moving average is $150.94 and its 200-day moving average is $151.99. The company has a market capitalization of $2.23 billion, a PE ratio of 20.87 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, beating the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $1.81 earnings per share. On average, research analysts anticipate that ICF International, Inc. will post 7.35 earnings per share for the current year.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s payout ratio is 9.84%.

Insider Buying and Selling at ICF International

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

Institutional Trading of ICF International

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in ICF International by 94.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after purchasing an additional 8,548 shares during the period. Quantbot Technologies LP bought a new position in ICF International in the third quarter valued at about $852,000. Pier Capital LLC purchased a new position in ICF International in the third quarter worth about $6,579,000. Congress Asset Management Co. grew its stake in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after purchasing an additional 34,299 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of ICF International during the 3rd quarter valued at about $734,000. 94.12% of the stock is currently owned by institutional investors.

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.