ICF International (NASDAQ:ICFI) Stock Price Down 4.1% - What's Next?

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) shares were down 4.1% during mid-day trading on Friday . The stock traded as low as $80.76 and last traded at $81.75. Approximately 32,898 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 185,290 shares. The stock had previously closed at $85.28.

Analyst Upgrades and Downgrades

ICFI has been the topic of a number of research reports. Barrington Research reduced their target price on shares of ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Truist Financial reduced their target price on shares of ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a report on Monday, April 14th. StockNews.com cut ICF International from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $100.00 price target (down from $200.00) on shares of ICF International in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $129.20.

ICF International Stock Performance

The company has a fifty day moving average price of $84.10 and a 200 day moving average price of $114.79. 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 market cap of $1.57 billion, a P/E ratio of 15.00 and a beta of 0.48.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm had revenue of $487.62 million during the quarter, compared to analyst estimates of $487.28 million. During the same period in the previous year, the company posted $1.77 EPS. The company's revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts expect that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 6th will be paid a $0.14 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.66%. ICF International's payout ratio is presently 9.61%.

Institutional Investors Weigh In On ICF International

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in shares of ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider's stock valued at $131,000 after buying an additional 339 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in ICF International during the fourth quarter worth about $149,000. Cibc World Markets Corp purchased a new position in shares of ICF International during the fourth quarter worth about $208,000. Ethic Inc. purchased a new position in ICF International in the 4th quarter worth approximately $292,000. Finally, Millstone Evans Group LLC bought a new position in shares of ICF International during the 4th quarter valued at about $447,000. 94.12% of the stock is 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.