ICF International, Inc. (NASDAQ:ICFI) Sees Large Decrease in Short Interest

Key Points

• ICF International, Inc. (NASDAQ:ICFI) experienced a 21.9% decrease in short interest in August, with total short interest dropping from 427,700 to 333,900 shares.
• The company reported a quarterly earnings per share (EPS) of $1.66, exceeding the consensus estimate by $0.03, although quarterly revenue declined by 7.2% year-over-year.
• ICF has announced a quarterly dividend of $0.14 per share, scheduled for payment on October 10th, representing a 0.6% yield.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 333,900 shares, a decline of 21.9% from the July 31st total of 427,700 shares. Based on an average daily volume of 179,800 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.8% of the shares of the stock are short sold. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily volume of 179,800 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of ICF International

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in ICF International by 2,121.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider's stock worth $36,000 after acquiring an additional 403 shares during the period. Captrust Financial Advisors purchased a new position in ICF International in the 2nd quarter worth approximately $246,000. Anchor Investment Management LLC purchased a new position in ICF International in the 2nd quarter worth approximately $249,000. Cornerstone Investment Partners LLC purchased a new position in ICF International in the 2nd quarter worth approximately $270,000. Finally, Ethic Inc. purchased a new position in ICF International in the 4th quarter worth approximately $292,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Analyst Ratings Changes

Separately, Barrington Research raised their price target on ICF International from $102.00 to $107.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $128.20.

ICF International Trading Up 0.5%

Shares of NASDAQ:ICFI traded up $0.45 during trading on Friday, reaching $99.31. 164,915 shares of the stock were exchanged, compared to its average volume of 143,404. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.29. ICF International has a 12-month low of $75.91 and a 12-month high of $179.67. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 17.27 and a beta of 0.51. The firm's 50-day moving average price is $92.39 and its 200 day moving average price is $87.55.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.03. ICF International had a return on equity of 14.50% and a net margin of 5.45%.The business had revenue of $476.16 million during the quarter, compared to analysts' expectations of $482.84 million. During the same quarter in the previous year, the business earned $1.69 EPS. The company's revenue for the quarter was down 7.2% on a year-over-year basis. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. On average, sell-side analysts anticipate that ICF International will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. ICF International's payout ratio is presently 9.74%.

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.