ICF International (NASDAQ:ICFI) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• ICF International's stock price has recently exceeded its 200-day moving average, reaching as high as $101.09 before closing at $99.70.
• Barrington Research has raised its target price for ICF International from $102.00 to $107.00 and assigned the stock an "outperform" rating, while the consensus rating remains a "Moderate Buy" with an average target price of $128.20.
• The firm declared a quarterly dividend of $0.14 per share, with a dividend yield of 0.6%, reflecting a payout ratio of 9.74%.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $87.60 and traded as high as $101.09. ICF International shares last traded at $99.70, with a volume of 336,676 shares traded.

Wall Street Analysts Forecast Growth

Separately, 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 research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $128.20.

ICF International Stock Down 2.6%

The company has a market cap of $1.75 billion, a price-to-earnings ratio of 16.55 and a beta of 0.51. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm's fifty day moving average price is $93.33 and its 200-day moving average price is $87.99.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.03. ICF International had a net margin of 5.45% and a return on equity of 14.50%. The firm had revenue of $476.16 million during the quarter, compared to analyst estimates of $482.84 million. During the same period in the prior year, the business earned $1.69 EPS. The company's revenue for the quarter was down 7.2% compared to the same quarter last year. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. Sell-side analysts predict that ICF International, Inc. will post 7.44 earnings per share for the current 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 $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 5th. ICF International's dividend payout ratio is presently 9.74%.

Institutional Investors Weigh In On ICF International

A number of institutional investors and hedge funds have recently modified their holdings of ICFI. EverSource Wealth Advisors LLC raised 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 valued at $36,000 after acquiring an additional 403 shares during the period. Captrust Financial Advisors bought a new position in ICF International in the 2nd quarter valued at about $246,000. Anchor Investment Management LLC bought a new position in ICF International in the 2nd quarter valued at about $249,000. Cornerstone Investment Partners LLC bought a new position in ICF International in the 2nd quarter valued at about $270,000. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in ICF International by 7.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,278 shares of the business services provider's stock valued at $362,000 after acquiring an additional 307 shares during the period. 94.12% of the stock is owned by 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.