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

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.

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ICFI. Barrington Research increased their target price on shares of ICF International from $102.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Canaccord Genuity Group dropped their target price on shares of ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $128.20.

ICF International Trading Up 1.6%

The business's fifty day moving average is $90.77 and its 200-day moving average is $87.87. The firm has a market cap of $1.84 billion, a P/E ratio of 17.36 and a beta of 0.51. 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 (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 business had revenue of $476.16 million during the quarter, compared to analyst estimates of $482.84 million. ICF International had a net margin of 5.45% and a return on equity of 14.50%. The firm's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business earned $1.69 EPS. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. Analysts predict 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. Investors of record on Friday, September 5th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, September 5th. ICF International's dividend payout ratio (DPR) is 9.74%.

Insider Buying and Selling

In other news, Director Scott B. Salmirs purchased 1,250 shares of the stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $83.98 per share, for a total transaction of $104,975.00. Following the acquisition, the director owned 7,653 shares in the company, valued at $642,698.94. This trade represents a 19.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Randall Mehl purchased 2,000 shares of the stock in a transaction on Monday, June 9th. The shares were purchased at an average price of $84.40 per share, with a total value of $168,800.00. Following the acquisition, the director owned 17,754 shares in the company, valued at approximately $1,498,437.60. The trade was a 12.70% increase in their position. The disclosure for this purchase can be found here. 1.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey raised its holdings in ICF International by 7.7% during the 2nd 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. EverSource Wealth Advisors LLC raised its holdings in ICF International by 2,121.1% during the 2nd 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. Zions Bancorporation National Association UT raised its holdings in ICF International by 7.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 21,063 shares of the business services provider's stock worth $1,784,000 after purchasing an additional 1,393 shares during the last quarter. Ethic Inc. bought a new position in ICF International during the 4th quarter worth approximately $292,000. Finally, Geode Capital Management LLC raised its holdings in ICF International by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 454,451 shares of the business services provider's stock worth $38,502,000 after purchasing an additional 2,786 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

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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