ICF International's (ICFI) "Outperform" Rating Reiterated at Barrington Research

Key Points

• Barrington Research has reiterated its "outperform" rating for ICF International (NASDAQ:ICFI) and set a target price of $107.00, indicating a potential upside of 12.79% from the stock's recent close.
• ICF International reported $1.66 EPS for the last quarter, exceeding expectations, despite a decline in revenue by 7.2% compared to the prior year.
• An impressive 94.12% of ICF International's stock is owned by institutional investors, which indicates strong institutional confidence in the company.

ICF International (NASDAQ:ICFI - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They currently have a $107.00 target price on the business services provider's stock. Barrington Research's target price points to a potential upside of 12.79% from the stock's previous close.

ICF International Stock Performance

ICFI traded down $1.14 during trading on Tuesday, reaching $94.87. 33,044 shares of the company's stock were exchanged, compared to its average volume of 234,034. ICF International has a fifty-two week low of $75.91 and a fifty-two week high of $179.67. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $93.49 and a 200 day moving average price of $88.16. The company has a market capitalization of $1.75 billion, a P/E ratio of 16.43 and a beta of 0.51.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.63 by $0.03. ICF International had a net margin of 5.45% and a return on equity of 14.50%. The company had revenue of $476.16 million for the quarter, compared to the consensus estimate of $482.84 million. During the same quarter in the previous year, the company earned $1.69 EPS. The firm'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. As a group, analysts predict that ICF International will post 7.44 earnings per share for the current fiscal year.

Institutional Trading of ICF International

A number of institutional investors and hedge funds have recently modified their holdings of ICFI. Zions Bancorporation National Association UT bought a new stake in shares of ICF International in the 1st quarter valued at about $1,671,000. GAMMA Investing LLC increased its stake in shares of ICF International by 23,974.1% in the 1st quarter. GAMMA Investing LLC now owns 13,000 shares of the business services provider's stock valued at $11,050,000 after acquiring an additional 12,946 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of ICF International by 1,156.9% in the 1st quarter. SG Americas Securities LLC now owns 13,864 shares of the business services provider's stock valued at $1,178,000 after acquiring an additional 12,761 shares during the last quarter. Tributary Capital Management LLC increased its stake in shares of ICF International by 5.1% in the 1st quarter. Tributary Capital Management LLC now owns 222,711 shares of the business services provider's stock valued at $18,924,000 after acquiring an additional 10,848 shares during the last quarter. Finally, Argent Capital Management LLC grew its position in shares of ICF International by 26.4% in the 2nd quarter. Argent Capital Management LLC now owns 47,946 shares of the business services provider's stock valued at $4,062,000 after purchasing an additional 10,028 shares during the period. 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.

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