ICF International (NASDAQ:ICFI) Reaches New 1-Year Low – What’s Next?

ICF International, Inc. (NASDAQ:ICFI)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $118.37 and last traded at $118.37, with a volume of 26979 shares trading hands. The stock had previously closed at $119.52.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Truist Financial cut their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Tuesday, November 19th. D. Boral Capital reiterated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Monday, December 16th. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, Barrington Research restated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.60.

ICF International Trading Down 0.7 %

The business’s 50 day simple moving average is $149.97 and its 200 day simple moving average is $151.99. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 20.85 and a beta of 0.54. 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) last issued 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 business had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $1.81 EPS. On average, research analysts expect that ICF International, Inc. will post 7.35 EPS for the current fiscal year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.47%. ICF International’s dividend payout ratio (DPR) is 9.84%.

Insider Buying and Selling at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This represents a 6.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of the firm’s 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 of the company’s stock, valued at $593,293.71. This trade represents a 29.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,038 shares of company stock worth $705,355 over the last ninety days. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

A number of large investors have recently made changes to their positions in ICFI. Pier Capital LLC bought a new stake in ICF International in the 3rd quarter valued at $6,579,000. Congress Asset Management Co. lifted its holdings in shares of ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after buying an additional 34,299 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after acquiring an additional 18,109 shares during the period. Tilia Fiduciary Partners Inc. acquired a new position in shares of ICF International in the third quarter valued at about $2,364,000. Finally, BNP Paribas Financial Markets increased its position in ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after acquiring an additional 8,548 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.