ICF International (NASDAQ:ICFI) Hits New 12-Month Low – Here’s Why

ICF International, Inc. (NASDAQ:ICFI) shares reached a new 52-week low on Monday . The stock traded as low as $118.37 and last traded at $118.37, with a volume of 26979 shares changing hands. The stock had previously closed at $119.52.

Wall Street Analysts Forecast Growth

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

ICF International Trading Down 1.1 %

The stock has a market cap of $2.21 billion, a PE ratio of 20.67 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. The firm has a 50-day simple moving average of $147.98 and a 200-day simple moving average of $151.64.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. The business had revenue of $517.00 million for the quarter, compared to analysts’ expectations 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 prior year, the firm posted $1.81 EPS. Equities analysts forecast that ICF International, Inc. will post 7.35 earnings per share for the current year.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.48%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Buying and Selling

In other ICF International news, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the transaction, the director now owns 5,803 shares in the company, valued at $803,019.14. The trade was a 7.40 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anne F. Choate sold 1,438 shares of the business’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 completion of the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,038 shares of company stock valued at $705,355. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the last quarter. Marshall Wace LLP purchased a new stake in ICF International during the 2nd quarter valued at $301,000. AlphaMark Advisors LLC purchased a new position in shares of ICF International in the third quarter valued at about $342,000. Martingale Asset Management L P raised its stake in shares of ICF International by 25.5% during the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after acquiring an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after purchasing an additional 967 shares during the period. Hedge funds and other institutional investors 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.