ICF International (NASDAQ:ICFI) Insider Sells 3,000 Shares of Stock

Key Points

• Insider James Morgan sold 3,000 ICF International shares for about $252,960 at an average price of $84.32, reducing his direct stake by 6.04% to 46,683 shares.
• Quarterly EPS of $1.98 beat analysts’ $1.92 estimate, but revenue of $470.5 million fell short of the $490.83 million forecast; revenue was up 1.1% year over year.
• ICF declared a quarterly dividend of $0.14 per share, equivalent to an annualized yield of about 0.7%. Analysts’ consensus rating was “Moderate Buy,” with a $105 average price target.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) insider James Morgan sold 3,000 shares of ICF International stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $84.32, for a total transaction of $252,960.00. Following the completion of the transaction, the insider directly owned 46,683 shares in the company, valued at approximately $3,936,310.56. The trade was a 6.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ICF International Trading Down 0.7%

ICFI traded down $0.55 during trading on Thursday, hitting $82.22. 213,345 shares of the stock traded hands, compared to its average volume of 254,427. The firm has a market capitalization of $1.48 billion, a P/E ratio of 15.48 and a beta of 0.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $87.89 and a 200 day moving average of $78.80. ICF International, Inc. has a 12-month low of $58.83 and a 12-month high of $100.63.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.06. The firm had revenue of $470.50 million for the quarter, compared to analysts' expectations of $490.83 million. ICF International had a net margin of 5.29% and a return on equity of 11.81%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 earnings per share. Equities research analysts anticipate that ICF International, Inc. will post 7.09 EPS for the current year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Friday, December 4th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. ICF International's dividend payout ratio (DPR) is presently 10.55%.

Institutional Investors Weigh In On ICF International

Several hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of ICF International during the 3rd quarter valued at $25,000. Nisa Investment Advisors LLC increased its stake in shares of ICF International by 11.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the business services provider's stock worth $136,000 after acquiring an additional 162 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of ICF International by 41.3% in the 3rd quarter. GAMMA Investing LLC now owns 472 shares of the business services provider's stock worth $39,000 after acquiring an additional 138 shares in the last quarter. Farther Finance Advisors LLC lifted its position in ICF International by 73.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 336 shares of the business services provider's stock valued at $28,000 after acquiring an additional 142 shares during the period. Finally, Empowered Funds LLC purchased a new position in ICF International during the 2nd quarter valued at about $3,881,000. 94.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ICFI. Truist Financial boosted their price objective on shares of ICF International from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Monday. Barrington Research set a $110.00 target price on shares of ICF International in a research note on Friday, August 14th. Weiss Ratings raised shares of ICF International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 2nd. Finally, Wall Street Zen cut shares of ICF International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 7th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

ICF International Company Profile

ICF International, Inc. is a consulting and technology services company headquartered in Reston, Virginia. Founded in 1969 as the Inner City Fund, the company works with government agencies and commercial clients, combining advisory services with technology implementation and digital solutions. Its work spans energy and climate, environmental management, health, social programs, and disaster recovery. ICF also provides policy research, data analytics, program management, strategic communications, and technology services, including support for digital transformation and cybersecurity initiatives.

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