Brokerages Set ICF International, Inc. (NASDAQ:ICFI) Target Price at $177.25

ICF International, Inc. (NASDAQ:ICFI) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $167.25.

ICFI has been the subject of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. Truist Financial dropped their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday. StockNews.com raised ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Tuesday, November 19th.

Insiders Place Their Bets

In other news, Director Scott B. Salmirs acquired 400 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the purchase, the director now directly owns 5,803 shares of the company’s stock, valued at $803,019.14. The trade was a 7.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the sale, the chief executive officer now owns 52,605 shares of the company’s stock, valued at approximately $8,687,189.70. This represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,823 shares of company stock worth $1,165,078 in the last quarter. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pier Capital LLC bought a new position in shares of ICF International during the third quarter worth about $6,579,000. Congress Asset Management Co. boosted its position in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after purchasing an additional 34,299 shares in the last quarter. Geode Capital Management LLC increased its position in ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after buying an additional 18,109 shares in the last quarter. Tilia Fiduciary Partners Inc. acquired a new position in shares of ICF International during the third quarter worth approximately $2,364,000. Finally, BNP Paribas Financial Markets raised its holdings in ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after buying an additional 8,548 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

ICF International Trading Up 0.9 %

Shares of ICFI stock opened at $135.52 on Thursday. The company has a market capitalization of $2.54 billion, a P/E ratio of 23.82 and a beta of 0.61. The firm has a 50-day moving average price of $163.71 and a 200 day moving average price of $153.82. 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 has a 12-month low of $128.28 and a 12-month high of $179.67.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.81 EPS. Research analysts forecast that ICF International will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.

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.