ICF International, Inc. (NASDAQ:ICFI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $127.20.

A number of research firms have recently weighed in on ICFI. Wall Street Zen downgraded shares of ICF International from a "buy" rating to a "hold" rating in a report 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. Canaccord Genuity Group lowered their price objective on ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, Barrington Research reiterated an "outperform" rating and issued a $102.00 target price on shares of ICF International in a report on Wednesday.

Insider Transactions at ICF International

In other ICF International news, Director Scott B. Salmirs purchased 1,250 shares of the firm's stock in a transaction on Friday, June 6th. The stock was bought at an average cost of $83.98 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Randall Mehl bought 2,000 shares of ICF International stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of $84.40 per share, with a total value of $168,800.00. Following the purchase, the director now directly owns 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 1.48% of the company's stock.

Hedge Funds Weigh In On ICF International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in ICF International by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 442,995 shares of the business services provider's stock worth $52,822,000 after acquiring an additional 2,010 shares during the period. Tributary Capital Management LLC boosted its holdings in ICF International by 5.1% during the first quarter. Tributary Capital Management LLC now owns 222,711 shares of the business services provider's stock worth $18,924,000 after buying an additional 10,848 shares in the last quarter. BNP Paribas Financial Markets grew its position in ICF International by 411.7% during the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider's stock valued at $10,756,000 after buying an additional 72,595 shares during the period. Tudor Investment Corp ET AL raised its position in shares of ICF International by 5,171.3% in the fourth 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 during the period. Finally, Marshall Wace LLP boosted its stake in shares of ICF International by 2,331.0% during 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. Institutional investors and hedge funds own 94.12% of the company's stock.

ICF International Price Performance

Shares of ICF International stock traded down $0.14 on Monday, hitting $85.57. 81,385 shares of the company traded hands, compared to its average volume of 198,122. ICF International has a 52 week low of $75.91 and a 52 week high of $179.67. The business has a 50-day simple moving average of $84.47 and a 200 day simple moving average of $101.97. 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 stock has a market capitalization of $1.58 billion, a P/E ratio of 15.03 and a beta of 0.51.

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

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. ICF International's payout ratio is 9.61%.

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.