ICF International (NASDAQ:ICFI) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• ICF International's share price crossed above its 200-day moving average, reaching a recent high of $93.22 while currently trading at $92.60.
• The company's stock has received a mix of ratings, with an average consensus of "Moderate Buy" and a target price of $128.20.
• ICF International recently declared a quarterly dividend of $0.14 per share, representing a 0.6% dividend yield, scheduled for payment on October 10th.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $88.68 and traded as high as $93.22. ICF International shares last traded at $92.60, with a volume of 100,569 shares.

Wall Street Analyst Weigh In

ICFI has been the subject of a number of research reports. Barrington Research restated an "outperform" rating and issued a $107.00 price target on shares of ICF International in a report on Tuesday, September 23rd. Weiss Ratings restated a "hold (c-)" rating on shares of ICF International in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, ICF International presently has an average rating of "Moderate Buy" and a consensus target price of $128.20.

ICF International Price Performance

The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.10 and a beta of 0.47. The business's fifty day moving average price is $95.64 and its 200-day moving average price is $88.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 1.29.

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

ICF International Announces Dividend

The firm also recently disclosed 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 5th. ICF International's dividend payout ratio (DPR) is currently 9.74%.

Insider Activity

In related news, COO James C. M. Morgan sold 2,400 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $95.19, for a total transaction of $228,456.00. Following the transaction, the chief operating officer directly owned 39,704 shares in the company, valued at approximately $3,779,423.76. The trade was a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ICFI. EverSource Wealth Advisors LLC boosted its holdings in ICF International by 2,121.1% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider's stock worth $36,000 after purchasing an additional 403 shares during the last quarter. Captrust Financial Advisors purchased a new position in ICF International during the second quarter worth about $246,000. Anchor Investment Management LLC purchased a new position in ICF International during the second quarter worth about $249,000. Cornerstone Investment Partners LLC purchased a new position in ICF International during the second quarter worth about $270,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in ICF International by 7.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,278 shares of the business services provider's stock worth $362,000 after purchasing an additional 307 shares during 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.

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