ICF International, Inc. (NASDAQ:ICFI) Director Buys $104,975.00 in Stock

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) Director Scott B. Salmirs acquired 1,250 shares of ICF International stock in a transaction on Friday, June 6th. The shares were purchased at an average price of $83.98 per share, with a total value of $104,975.00. Following the completion of 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ICF International Stock Performance

ICF International stock traded up $0.56 during mid-day trading on Wednesday, reaching $86.26. 211,731 shares of the stock traded hands, compared to its average volume of 198,623. ICF International, Inc. has a 12-month low of $75.91 and a 12-month high of $179.67. The business's 50-day moving average is $84.47 and its 200-day moving average is $101.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $1.59 billion, a PE ratio of 15.16 and a beta of 0.51.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $487.62 million for the quarter, compared to analysts' expectations of $487.28 million. During the same quarter in the prior year, the business earned $1.77 EPS. The business's quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, June 6th. ICF International's dividend payout ratio is presently 9.61%.

Analyst Ratings Changes

A number of analysts have commented on the company. Truist Financial reduced their target price on ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a report on Monday, April 14th. Wall Street Zen downgraded ICF International from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Barrington Research reissued an "outperform" rating and issued a $102.00 target price on shares of ICF International in a research report on Wednesday. Finally, Canaccord Genuity Group dropped their price target on shares of ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $127.20.

Institutional Trading of ICF International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in ICF International by 411.7% in the 4th 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 grew its holdings in ICF International by 5,171.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider's stock valued at $8,810,000 after buying an additional 72,502 shares in the last quarter. Marshall Wace LLP raised its position 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 valued at $7,770,000 after buying an additional 62,495 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of ICF International by 76,550.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock worth $3,655,000 after buying an additional 30,620 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of ICF International by 453.9% during the fourth quarter. Quantbot Technologies LP now owns 28,310 shares of the business services provider's stock worth $3,375,000 after acquiring an additional 23,199 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

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.