Shares of ICF (NASDAQ:ICFI) reached a new 52-week high and low during mid-day trading on Wednesday . The stock traded as low as $62.08 and last traded at $61.80, with a volume of 58703 shares. The stock had previously closed at $60.90.
ICFI has been the topic of several recent analyst reports. BidaskClub downgraded ICF from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research downgraded ICF from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. ValuEngine upgraded ICF from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Wells Fargo boosted their price objective on ICF from $58.00 to $61.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. ICF currently has an average rating of “Buy” and an average target price of $63.60.
The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. The company has a market cap of $1,161.01, a price-to-earnings ratio of 20.58, a PEG ratio of 1.68 and a beta of 0.70.
The firm also recently announced a special dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 28th. ICF’s dividend payout ratio (DPR) is presently 4.64%.
In other ICF news, CEO Sudhakar Kesavan sold 16,280 shares of ICF stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $60.00, for a total transaction of $976,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 61,264 shares of company stock worth $3,615,840. Company insiders own 5.48% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. GW&K Investment Management LLC grew its stake in shares of ICF by 96.1% in the 4th quarter. GW&K Investment Management LLC now owns 309,476 shares of the business services provider’s stock valued at $16,247,000 after buying an additional 151,661 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of ICF by 34.5% in the 4th quarter. Thrivent Financial For Lutherans now owns 333,429 shares of the business services provider’s stock valued at $17,505,000 after buying an additional 85,518 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of ICF by 2,973.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 50,685 shares of the business services provider’s stock valued at $2,734,000 after buying an additional 49,036 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of ICF by 24.9% in the 4th quarter. Systematic Financial Management LP now owns 199,118 shares of the business services provider’s stock valued at $10,454,000 after buying an additional 39,686 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of ICF by 38.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 116,909 shares of the business services provider’s stock valued at $6,307,000 after buying an additional 32,502 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.
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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, and 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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