ICF International, Inc. (NASDAQ:ICFI) Receives $127.20 Average Target Price from Brokerages

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) has received an average rating of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $127.20.

ICFI has been the topic of several recent analyst reports. Barrington Research reiterated an "outperform" rating and set a $102.00 target price on shares of ICF International in a research report on Wednesday, June 11th. Wall Street Zen lowered ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Truist Financial reduced their price objective on ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Canaccord Genuity Group reduced their price objective 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.

ICF International Price Performance

Shares of ICFI traded down $0.04 during trading hours on Friday, reaching $88.39. 101,275 shares of the company traded hands, compared to its average volume of 200,262. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.63 billion, a PE ratio of 15.16 and a beta of 0.50. ICF International has a fifty-two week low of $75.91 and a fifty-two week high of $179.67. The stock has a fifty day simple moving average of $85.52 and a 200 day simple moving average of $95.79.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.20. The business had revenue of $487.62 million for the quarter, compared to analyst estimates of $487.28 million. ICF International had a return on equity of 14.84% and a net margin of 5.45%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 earnings per share. As a group, research analysts predict that ICF International will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, June 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.63%. ICF International's payout ratio is currently 9.61%.

Insider Activity

In related news, Director Scott B. Salmirs bought 1,250 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average cost of $83.98 per share, for a total transaction of $104,975.00. Following the acquisition, the director owned 7,653 shares in the company, valued at $642,698.94. This represents a 19.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Randall Mehl acquired 2,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were acquired at an average price of $84.40 per share, for a total transaction of $168,800.00. Following the completion of the acquisition, the director directly owned 17,754 shares in the company, valued at $1,498,437.60. The trade was a 12.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.39% of the company's stock.

Institutional Investors Weigh In On ICF International

Several hedge funds and other institutional investors have recently bought and sold shares of ICFI. BNP Paribas Financial Markets increased its holdings in ICF International by 411.7% during the 4th quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider's stock worth $10,756,000 after purchasing an additional 72,595 shares during the last quarter. Tudor Investment Corp ET AL grew its position 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 worth $8,810,000 after acquiring an additional 72,502 shares in the last quarter. Marshall Wace LLP grew its position in shares of ICF International by 2,331.0% in the 4th quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider's stock worth $7,770,000 after acquiring an additional 62,495 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in shares of ICF International by 76,550.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock worth $3,655,000 after acquiring an additional 30,620 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of ICF International by 453.9% in the 4th 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 in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.