Short Interest in ICF International, Inc. (NASDAQ:ICFI) Grows By 10.6%

ICF International, Inc. (NASDAQ:ICFI) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 771,200 shares, a growth of 10.6% from the December 15th total of 697,600 shares. Based on an average trading volume of 186,300 shares, the days-to-cover ratio is presently 4.1 days. Approximately 4.2% of the company’s shares are short sold.

Insider Buying and Selling at ICF International

In other news, Director Scott B. Salmirs purchased 400 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the transaction, the director now owns 5,803 shares of the company’s stock, valued at $803,019.14. The trade was a 7.40 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anne F. Choate sold 1,438 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the sale, the executive vice president now directly owns 3,417 shares in the company, valued at $593,293.71. This trade represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pier Capital LLC purchased a new stake in shares of ICF International during the 3rd quarter worth approximately $6,579,000. Congress Asset Management Co. increased its stake in shares of ICF International by 10.7% during the 3rd 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 during the last quarter. Geode Capital Management LLC increased its stake in shares of ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after purchasing an additional 18,109 shares during the last quarter. Tilia Fiduciary Partners Inc. purchased a new stake in shares of ICF International during the 3rd quarter worth approximately $2,364,000. Finally, BNP Paribas Financial Markets boosted its holdings in ICF International by 94.1% in 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. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. D. Boral Capital reissued an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Monday, December 16th. StockNews.com cut shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Truist Financial lowered their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Finally, Sidoti upgraded 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $168.60.

ICF International Stock Up 0.1 %

NASDAQ:ICFI traded up $0.14 on Friday, hitting $129.44. The stock had a trading volume of 127,323 shares, compared to its average volume of 162,439. 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 $2.43 billion, a P/E ratio of 22.75 and a beta of 0.57. ICF International has a 1 year low of $114.99 and a 1 year high of $179.67. The firm’s fifty day simple moving average is $130.15 and its two-hundred day simple moving average is $148.92.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. Analysts predict that ICF International will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 6th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.43%. ICF International’s dividend payout ratio (DPR) is 9.84%.

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.