Brokerages Set ICF International, Inc. (NASDAQ:ICFI) PT at $127.20

Shares of ICF International, Inc. (NASDAQ:ICFI) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $127.20.

ICFI has been the topic of a number of research analyst reports. Truist Financial lowered their price target on ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded ICF International from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Canaccord Genuity Group lowered their target price on ICF International from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Finally, Barrington Research restated an “outperform” rating and issued a $102.00 target price on shares of ICF International in a research note on Wednesday.

Insider Buying and Selling at ICF International

In related news, Director Randall Mehl purchased 2,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was bought at an average price of $84.40 per share, for a total transaction of $168,800.00. Following the purchase, the director now owns 17,754 shares in the company, valued at $1,498,437.60. The trade was a 12.70% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott B. Salmirs purchased 1,250 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $83.98 per share, with a total value of $104,975.00. Following the purchase, the director now owns 7,653 shares in the company, valued at $642,698.94. This represents a 19.52% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.48% of the company’s stock.

Institutional Trading of ICF International

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in shares of ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after acquiring an additional 339 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of ICF International during the 4th quarter worth about $149,000. Cibc World Markets Corp acquired a new position in shares of ICF International during the 4th quarter worth about $208,000. Ethic Inc. acquired a new position in shares of ICF International during the 4th quarter worth about $292,000. Finally, Millstone Evans Group LLC acquired a new position in shares of ICF International during the 4th quarter worth about $447,000. Institutional investors own 94.12% of the company’s stock.

ICF International Stock Performance

Shares of ICFI stock opened at $87.08 on Monday. ICF International has a 1-year low of $75.91 and a 1-year high of $179.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 15.30 and a beta of 0.51. The stock’s fifty day simple moving average is $84.81 and its 200-day simple moving average is $101.18.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $487.62 million for the quarter, compared to the consensus estimate of $487.28 million. During the same quarter in the previous year, the company posted $1.77 earnings per share. ICF International’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, sell-side analysts predict that ICF International will post 7.44 earnings per share for the current fiscal year.

ICF International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.64%. ICF International’s dividend payout ratio (DPR) is currently 9.61%.

ICF International Company Profile

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.