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 the company's stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average price of $83.98 per share, for a total transaction of $104,975.00. Following the purchase, the director now owns 7,653 shares of the company's stock, valued at $642,698.94. The trade was a 19.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ICF International Trading Down 1.2%

Shares of NASDAQ ICFI traded down $1.03 during mid-day trading on Friday, hitting $87.08. The stock had a trading volume of 178,750 shares, compared to its average volume of 198,871. The business has a 50 day moving average price of $84.64 and a two-hundred day moving average price of $101.54. ICF International, Inc. has a 1 year low of $75.91 and a 1 year high of $179.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $1.60 billion, a P/E ratio of 15.30 and a beta of 0.51.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. The company had revenue of $487.62 million during the quarter, compared to analyst estimates of $487.28 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. On average, equities analysts anticipate that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.56 annualized dividend and a yield of 0.64%. ICF International's dividend payout ratio (DPR) is presently 9.61%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On ICF International

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in ICF International by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 442,995 shares of the business services provider's stock worth $52,822,000 after buying an additional 2,010 shares during the period. Tributary Capital Management LLC raised its position in shares of ICF International by 5.1% in the 1st quarter. Tributary Capital Management LLC now owns 222,711 shares of the business services provider's stock worth $18,924,000 after acquiring an additional 10,848 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of 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 valued at $10,756,000 after purchasing an additional 72,595 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of ICF International by 5,171.3% in 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 purchasing an additional 72,502 shares during the period. Finally, Marshall Wace LLP grew its stake in ICF International by 2,331.0% in 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. 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.