ICF International (NASDAQ:ICFI) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• ICF International's share price surpassed its 200-day moving average of $87.87, trading at $99.80, indicating positive momentum in the stock.
• The company's quarterly earnings exceeded estimates, with an EPS of $1.66 compared to analysts' expectations of $1.63, though income declined year-over-year.
• ICF International announced a dividend of $0.14 per share, with a yield of 0.6%, reflecting a commitment to returning capital to shareholders.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $87.87 and traded as high as $100.07. ICF International shares last traded at $99.80, with a volume of 145,183 shares.

Wall Street Analyst Weigh In

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

ICF International Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a fifty day simple moving average of $91.42 and a 200 day simple moving average of $87.58. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 16.56 and a beta of 0.51.

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

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 5th will be paid 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 yield of 0.6%. ICF International's payout ratio is currently 9.74%.

Insiders Place Their Bets

In other ICF International news, Director Randall Mehl purchased 2,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were purchased at an average price of $84.40 per share, for a total transaction of $168,800.00. Following the completion of the purchase, the director directly owned 17,754 shares of the company's stock, valued at approximately $1,498,437.60. This represents a 12.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 valued at $36,000 after acquiring an additional 403 shares during the period. Captrust Financial Advisors bought a new stake in ICF International during the 2nd quarter worth about $246,000. Anchor Investment Management LLC acquired a new position in shares of ICF International during the 2nd quarter worth about $249,000. Cornerstone Investment Partners LLC acquired a new position in shares of ICF International during the 2nd quarter worth about $270,000. Finally, Ethic Inc. acquired a new position in shares of ICF International during the 4th quarter worth about $292,000. 94.12% of the stock is owned by institutional investors.

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.