Randall Mehl Acquires 2,000 Shares of ICF International, Inc. (NASDAQ:ICFI) Stock

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) Director Randall Mehl purchased 2,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $84.40 per share, with a total value of $168,800.00. Following the completion of the purchase, the director now directly owns 17,754 shares in the company, 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 legal filing with the SEC, which can be accessed through the SEC website.

ICF International Trading Up 1.9%

NASDAQ ICFI traded up $1.61 on Thursday, hitting $87.87. The company's stock had a trading volume of 60,460 shares, compared to its average volume of 198,492. The company's 50-day moving average is $84.51 and its 200 day moving average is $101.87. The firm has a market cap of $1.62 billion, a PE ratio of 15.44 and a beta of 0.51. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business had revenue of $487.62 million for the quarter, compared to analyst estimates of $487.28 million. During the same quarter in the previous year, the business earned $1.77 earnings per share. ICF International's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts predict that ICF International, Inc. will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Friday, June 6th. ICF International's dividend payout ratio (DPR) is 9.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ICFI shares. Canaccord Genuity Group decreased their price target on shares of ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen cut ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Truist Financial lowered their price objective on shares of ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $102.00 price target on shares of ICF International in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, ICF International presently has an average rating of "Moderate Buy" and an average target price of $127.20.

Hedge Funds Weigh In On ICF International

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