ICF International (NASDAQ:ICFI) Reaches New 12-Month Low - Here's What Happened

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $83.48 and last traded at $84.96, with a volume of 241111 shares traded. The stock had previously closed at $84.60.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ICFI. Truist Financial cut 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 note on Monday, April 14th. Barrington Research reduced their target price on ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. StockNews.com downgraded ICF International from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $100.00 price objective (down from $200.00) on shares of ICF International in a research note on Friday, February 28th. Three equities 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.20.

ICF International Price Performance

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 fifty day simple moving average of $84.30 and a 200-day simple moving average of $115.21. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.65 and a beta of 0.48.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $487.28 million. During the same period in the prior year, the firm posted $1.77 earnings per share. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be issued 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 0.67%. ICF International's payout ratio is 9.61%.

Institutional Trading of ICF International

Institutional investors have recently bought and sold shares of the business. Tributary Capital Management LLC lifted its position in shares of ICF International by 5.1% during the 1st quarter. Tributary Capital Management LLC now owns 222,711 shares of the business services provider's stock valued at $18,924,000 after buying an additional 10,848 shares in the last quarter. SG Americas Securities LLC lifted its holdings in ICF International by 1,156.9% during the first quarter. SG Americas Securities LLC now owns 13,864 shares of the business services provider's stock valued at $1,178,000 after purchasing an additional 12,761 shares in the last quarter. GAMMA Investing LLC lifted its holdings in ICF International by 23,974.1% during the first quarter. GAMMA Investing LLC now owns 13,000 shares of the business services provider's stock valued at $11,050,000 after purchasing an additional 12,946 shares in the last quarter. Ethic Inc. acquired a new stake in shares of ICF International in the fourth quarter valued at about $292,000. Finally, BNP Paribas Financial Markets increased its stake in shares of 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 worth $10,756,000 after purchasing an additional 72,595 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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.