ICF International, Inc. (NASDAQ:ICFI) Short Interest Down 15.5% in March

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 227,100 shares, a drop of 15.5% from the March 15th total of 268,700 shares. Based on an average daily trading volume, of 95,700 shares, the short-interest ratio is presently 2.4 days. Approximately 1.2% of the company's stock are short sold.

ICF International Stock Up 0.4 %

ICFI stock traded up $0.54 during midday trading on Tuesday, hitting $140.76. The company's stock had a trading volume of 67,743 shares, compared to its average volume of 94,877. The company has a market cap of $2.64 billion, a PE ratio of 32.36 and a beta of 0.60. ICF International has a 12 month low of $105.18 and a 12 month high of $158.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The firm's 50-day moving average is $149.92 and its 200-day moving average is $138.61.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its earnings results on Tuesday, February 27th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.04. The business had revenue of $478.35 million during the quarter, compared to analyst estimates of $480.75 million. ICF International had a net margin of 4.21% and a return on equity of 13.94%. The company's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 EPS. On average, equities research analysts forecast that ICF International will post 6.77 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were paid a $0.14 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.56 annualized dividend and a dividend yield of 0.40%. ICF International's dividend payout ratio (DPR) is 12.87%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ICFI shares. Canaccord Genuity Group reiterated a "buy" rating and set a $170.00 target price on shares of ICF International in a report on Tuesday, February 20th. Barrington Research upped their price objective on ICF International from $145.00 to $173.00 and gave the company an "outperform" rating in a research report on Monday, March 4th. Finally, Truist Financial upped their price objective on ICF International from $148.00 to $168.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $162.75.

Insiders Place Their Bets

In other ICF International news, COO James C. M. Morgan sold 2,400 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $155.17, for a total value of $372,408.00. Following the completion of the sale, the chief operating officer now directly owns 39,814 shares in the company, valued at $6,177,938.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO James C. M. Morgan sold 2,400 shares of ICF International stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $155.17, for a total transaction of $372,408.00. Following the completion of the transaction, the chief operating officer now directly owns 39,814 shares in the company, valued at $6,177,938.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $137.55, for a total transaction of $343,875.00. Following the transaction, the insider now owns 42,314 shares of the company's stock, valued at $5,820,290.70. The disclosure for this sale can be found here. 1.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently bought and sold shares of ICFI. Trust Point Inc. bought a new position in shares of ICF International during the 4th quarter valued at about $995,000. Handelsbanken Fonder AB lifted its holdings in shares of ICF International by 29.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,822 shares of the business services provider's stock valued at $462,000 after acquiring an additional 878 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in shares of ICF International by 17.1% in the 3rd quarter. Congress Asset Management Co. MA now owns 258,384 shares of the business services provider's stock valued at $31,215,000 after acquiring an additional 37,728 shares during the last quarter. Strs Ohio lifted its holdings in shares of ICF International by 0.4% in the 3rd quarter. Strs Ohio now owns 47,716 shares of the business services provider's stock valued at $5,764,000 after acquiring an additional 200 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC lifted its holdings in shares of ICF International by 63.9% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 336,005 shares of the business services provider's stock valued at $40,593,000 after acquiring an additional 130,995 shares during the last quarter. Hedge funds and other 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.