Sudhakar Kesavan Sells 15,000 Shares of ICF International Inc (NASDAQ:ICFI) Stock

ICF International Inc (NASDAQ:ICFI) CEO Sudhakar Kesavan sold 15,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $82.00, for a total value of $1,230,000.00. Following the transaction, the chief executive officer now directly owns 213,498 shares in the company, valued at approximately $17,506,836. The transaction was disclosed in a filing with the SEC, which is available at this link.

ICFI opened at $81.93 on Friday. ICF International Inc has a 12-month low of $60.22 and a 12-month high of $83.44. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average price is $75.87. The company has a market cap of $1.55 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 1.98 and a beta of 0.63.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.09. ICF International had a return on equity of 11.37% and a net margin of 4.67%. The company had revenue of $341.25 million for the quarter, compared to the consensus estimate of $328.54 million. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities analysts forecast that ICF International Inc will post 4.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Friday, June 14th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Thursday, June 13th. ICF International’s payout ratio is currently 15.01%.

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its position in ICF International by 343.0% during the first quarter. Meeder Asset Management Inc. now owns 1,803 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 1,396 shares in the last quarter. Marshall Wace North America L.P. boosted its position in ICF International by 308.9% during the first quarter. Marshall Wace North America L.P. now owns 2,114 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 1,597 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in ICF International by 166.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,066 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 2,539 shares in the last quarter. One Wealth Advisors LLC boosted its position in ICF International by 6.2% during the fourth quarter. One Wealth Advisors LLC now owns 4,358 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 254 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in ICF International by 365.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,914 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 4,644 shares in the last quarter. 93.35% of the stock is currently owned by institutional investors.

ICFI has been the topic of a number of recent research reports. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Barrington Research reissued an “outperform” rating and set a $88.00 price target (up previously from $86.00) on shares of ICF International in a research report on Thursday, May 9th. ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Finally, BidaskClub downgraded Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $84.80.

About ICF International

ICF International Inc provides management, marketing, 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, market, business, communication, and technology challenges.

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