ICF International (NASDAQ:ICFI) Sets New 1-Year High at $92.42

ICF International Inc (NASDAQ:ICFI) reached a new 52-week high during trading on Wednesday . The company traded as high as $92.42 and last traded at $92.42, with a volume of 1839 shares changing hands. The stock had previously closed at $90.41.

Several equities analysts have recently commented on the stock. Sidoti upped their price objective on shares of ICF International from $96.00 to $99.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. BidaskClub raised ICF International from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Barrington Research reiterated an “outperform” rating and set a $98.00 price target (up from $89.00) on shares of ICF International in a report on Friday, November 8th. William Blair restated a “market perform” rating on shares of ICF International in a research note on Thursday, November 7th. Finally, Zacks Investment Research lowered ICF International from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a research report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $92.33.

The firm’s fifty day moving average price is $85.14 and its 200 day moving average price is $80.46. The stock has a market cap of $1.69 billion, a PE ratio of 24.76, a P/E/G ratio of 2.14 and a beta of 0.59. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.54.

ICF International (NASDAQ:ICFI) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. ICF International had a net margin of 4.68% and a return on equity of 11.87%. The firm had revenue of $373.92 million for the quarter, compared to analysts’ expectations of $367.13 million. During the same period in the prior year, the company earned $1.01 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, analysts anticipate that ICF International Inc will post 4.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, December 13th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, December 12th. ICF International’s dividend payout ratio is presently 15.01%.

In other news, insider James C. M. Morgan sold 3,144 shares of ICF International stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $87.00, for a total value of $273,528.00. Following the sale, the insider now owns 40,716 shares of the company’s stock, valued at $3,542,292. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Sudhakar Kesavan sold 30,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $88.50, for a total transaction of $2,655,000.00. Following the transaction, the chairman now directly owns 213,498 shares of the company’s stock, valued at $18,894,573. The disclosure for this sale can be found here. Company insiders own 4.42% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. FTB Advisors Inc. lifted its stake in shares of ICF International by 106.6% during the third quarter. FTB Advisors Inc. now owns 566 shares of the business services provider’s stock valued at $47,000 after buying an additional 292 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of ICF International by 94.6% during the third quarter. Meeder Asset Management Inc. now owns 687 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 334 shares during the period. Paloma Partners Management Co acquired a new stake in ICF International in the second quarter worth about $246,000. Dupont Capital Management Corp bought a new position in ICF International in the 2nd quarter valued at about $639,000. Finally, UBS Asset Management Americas Inc. boosted its stake in ICF International by 6.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 11,867 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 766 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

ICF International Company Profile (NASDAQ:ICFI)

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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