Barrington Research Issues Positive Forecast for ICF International (NASDAQ:ICFI) Stock Price

ICF International (NASDAQ:ICFI) had its target price lifted by Barrington Research from $102.00 to $107.00 in a report released on Monday,Benzinga reports. Barrington Research currently has an outperform rating on the business services provider’s stock.

Several other equities analysts have also recently commented on ICFI. Canaccord Genuity Group lowered their target price on shares of ICF International from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Wall Street Zen cut shares of ICF International from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, Truist Financial lowered their target price on shares of ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, ICF International has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.

ICF International Trading Down 0.5%

Shares of NASDAQ:ICFI opened at $94.40 on Monday. The company has a market cap of $1.74 billion, a PE ratio of 16.42 and a beta of 0.49. The company’s 50-day moving average price is $86.32 and its 200 day moving average price is $89.63. ICF International has a fifty-two week low of $75.91 and a fifty-two week high of $179.67. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.47.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.03. The firm had revenue of $476.16 million for the quarter, compared to the consensus estimate of $482.84 million. ICF International had a net margin of 5.45% and a return on equity of 14.50%. ICF International’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.69 EPS. Sell-side analysts anticipate that ICF International will post 7.44 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 5th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.56 annualized dividend and a yield of 0.6%. ICF International’s dividend payout ratio is currently 9.74%.

Insider Activity at ICF International

In other ICF International news, Director Randall Mehl bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average cost of $84.40 per share, with a total value of $168,800.00. Following the completion of the purchase, the director directly owned 17,754 shares in the company, valued at approximately $1,498,437.60. This trade represents a 12.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Scott B. Salmirs bought 1,250 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average cost of $83.98 per share, with a total value of $104,975.00. Following the completion of the purchase, the director owned 7,653 shares of the company’s stock, valued at approximately $642,698.94. The trade was a 19.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ICFI. BNP Paribas Financial Markets increased its position in shares of ICF International by 411.7% in the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider’s stock worth $10,756,000 after acquiring an additional 72,595 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of ICF International by 5,171.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider’s stock worth $8,810,000 after purchasing an additional 72,502 shares during the period. Marshall Wace LLP boosted its holdings in shares of ICF International by 2,331.0% during the fourth quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider’s stock worth $7,770,000 after purchasing an additional 62,495 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of ICF International during the first quarter worth approximately $1,671,000. Finally, GAMMA Investing LLC boosted its holdings in shares of ICF International by 23,974.1% during the first quarter. GAMMA Investing LLC now owns 13,000 shares of the business services provider’s stock worth $11,050,000 after purchasing an additional 12,946 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.