BidaskClub upgraded shares of ICF (NASDAQ:ICFI) from a hold rating to a buy rating in a report published on Wednesday morning.
A number of other analysts also recently issued reports on the company. ValuEngine upgraded ICF from a buy rating to a strong-buy rating in a research report on Monday, April 2nd. Cowen assumed coverage on ICF in a report on Wednesday, March 28th. They set a market perform rating and a $65.00 price objective on the stock. Barrington Research reissued an outperform rating and set a $67.00 price objective (up from $65.00) on shares of ICF in a report on Thursday, March 1st. Wells Fargo raised their price objective on ICF from $58.00 to $61.00 and gave the company a market perform rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research raised ICF from a hold rating to a buy rating and set a $63.00 price objective on the stock in a report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $63.60.
Shares of ICFI opened at $63.75 on Wednesday. The stock has a market cap of $1,203.83, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.75 and a beta of 0.70. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. ICF has a 12-month low of $41.10 and a 12-month high of $65.40.
The company also recently disclosed a special dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 28th. ICF’s dividend payout ratio is 4.64%.
In related news, COO John Wasson sold 12,982 shares of the firm’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $62.50, for a total transaction of $811,375.00. Following the transaction, the chief operating officer now directly owns 71,605 shares of the company’s stock, valued at approximately $4,475,312.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sudhakar Kesavan sold 16,280 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $60.00, for a total value of $976,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,246 shares of company stock worth $4,427,215. 5.48% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in ICFI. Nationwide Fund Advisors increased its stake in ICF by 41.8% in the 3rd quarter. Nationwide Fund Advisors now owns 36,703 shares of the business services provider’s stock worth $1,980,000 after purchasing an additional 10,825 shares during the period. Russell Investments Group Ltd. increased its stake in ICF by 38.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 116,909 shares of the business services provider’s stock worth $6,307,000 after purchasing an additional 32,502 shares during the period. Ameriprise Financial Inc. increased its stake in ICF by 10.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 80,506 shares of the business services provider’s stock worth $4,344,000 after purchasing an additional 7,547 shares during the period. California Public Employees Retirement System increased its stake in ICF by 8.3% in the 3rd quarter. California Public Employees Retirement System now owns 29,465 shares of the business services provider’s stock worth $1,590,000 after purchasing an additional 2,265 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in 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 worth $2,734,000 after purchasing an additional 49,036 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.
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ICF Company Profile
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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