Randall Mehl Purchases 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 on Monday, June 9th. The shares were acquired at an average price of $84.40 per share, with a total value of $168,800.00. Following the purchase, the director now owns 17,754 shares of the company's stock, valued at approximately $1,498,437.60. This trade represents a 12.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ICF International Price Performance

Shares of NASDAQ ICFI traded down $1.03 during mid-day trading on Friday, hitting $87.08. 180,150 shares of the stock were exchanged, compared to its average volume of 199,387. The company has a market cap of $1.60 billion, a P/E ratio of 15.30 and a beta of 0.51. The stock's fifty day simple moving average is $84.81 and its two-hundred day simple moving average is $101.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. ICF International, Inc. has a twelve month low of $75.91 and a twelve month high of $179.67.

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

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be issued 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 of this dividend is Friday, June 6th. ICF International's dividend payout ratio is currently 9.61%.

Institutional Trading of ICF International

A number of hedge funds and other institutional investors have recently modified their holdings of ICFI. BNP Paribas Financial Markets increased its holdings in shares of ICF International by 411.7% in the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider's stock valued at $10,756,000 after purchasing an additional 72,595 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in shares of ICF International by 5,171.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider's stock valued at $8,810,000 after purchasing an additional 72,502 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of ICF International by 2,331.0% in the fourth quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider's stock valued at $7,770,000 after purchasing an additional 62,495 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in ICF International by 76,550.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock valued at $3,655,000 after acquiring an additional 30,620 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in ICF International by 453.9% in the fourth quarter. Quantbot Technologies LP now owns 28,310 shares of the business services provider's stock valued at $3,375,000 after acquiring an additional 23,199 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Ratings Changes

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

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.