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

ICF International, Inc. (NASDAQ:ICFI) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $112.75 and last traded at $112.96, with a volume of 62436 shares. The stock had previously closed at $115.01.

Analyst Ratings Changes

A number of equities analysts have commented on ICFI shares. Truist Financial decreased their target price on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Tuesday, November 19th. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Finally, D. Boral Capital reaffirmed an “outperform” rating and set a $174.00 price target on shares of ICF International in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

ICF International Trading Down 4.3 %

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 company has a fifty day moving average of $122.75 and a 200-day moving average of $147.03. The firm has a market capitalization of $2.07 billion, a PE ratio of 19.34 and a beta of 0.56.

Insider Activity

In other ICF International news, Director Scott B. Salmirs purchased 400 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the acquisition, the director now directly owns 5,803 shares in the company, valued at $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ICFI. Pier Capital LLC acquired a new stake in shares of ICF International during the 3rd quarter worth approximately $6,579,000. Congress Asset Management Co. increased its holdings in ICF International by 10.7% in 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 buying an additional 34,299 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of ICF International by 76,550.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider’s stock valued at $3,655,000 after acquiring an additional 30,620 shares in the last quarter. Quantbot Technologies LP boosted its holdings in ICF International by 453.9% during the fourth quarter. Quantbot Technologies LP now owns 28,310 shares of the business services provider’s stock valued at $3,375,000 after purchasing an additional 23,199 shares in the last quarter. Finally, Tributary Capital Management LLC raised its holdings in shares of ICF International by 10.9% in the 4th quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock worth $25,256,000 after buying an additional 20,861 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.