ICF International (NASDAQ:ICFI) Sets New 12-Month Low – Should You Sell?

ICF International, Inc. (NASDAQ:ICFI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $116.45 and last traded at $116.51, with a volume of 57526 shares changing hands. The stock had previously closed at $118.82.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th. D. Boral Capital reaffirmed an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Barrington Research reissued an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial decreased their price target on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Finally, StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.60.

ICF International Stock Down 2.9 %

The firm’s 50-day moving average is $139.53 and its two-hundred day moving average is $150.32. 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 stock has a market cap of $2.16 billion, a P/E ratio of 20.27 and a beta of 0.57.

ICF International (NASDAQ:ICFI) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. The company had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.81 earnings per share. On average, equities research analysts anticipate that ICF International, Inc. will post 7.35 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

Insider Activity at ICF International

In related news, Director Scott B. Salmirs purchased 400 shares of ICF International stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the transaction, the director now directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO James C. M. Morgan sold 2,500 shares of the company’s 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 completion of the sale, the chief operating officer now 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 disclosure for this sale can be found here. Insiders have sold 4,038 shares of company stock worth $705,355 over the last ninety days. Company insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Institutional investors have recently modified their holdings of the stock. Pier Capital LLC bought a new position in ICF International during the 3rd quarter worth approximately $6,579,000. Congress Asset Management Co. boosted its position 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 purchasing an additional 34,299 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after buying an additional 18,109 shares during the period. Tilia Fiduciary Partners Inc. bought a new stake in shares of ICF International in the 3rd quarter valued at $2,364,000. Finally, BNP Paribas Financial Markets raised its stake in ICF International by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after buying an additional 8,548 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.