ICF International (NASDAQ:ICFI) Downgraded by ValuEngine

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ValuEngine lowered shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a research report report published on Saturday morning, ValuEngine reports.

Several other equities research analysts also recently weighed in on the stock. Barrington Research reissued an outperform rating and issued a $88.00 target price (up previously from $86.00) on shares of ICF International in a research note on Thursday, May 9th. Cowen reissued a buy rating and issued a $82.00 target price on shares of ICF International in a research note on Wednesday, February 27th. BidaskClub downgraded shares of ICF International from a buy rating to a hold rating in a research note on Friday, March 22nd. Finally, Zacks Investment Research raised shares of ICF International from a hold rating to a buy rating and set a $88.00 target price on the stock in a research note on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $84.80.

Shares of ICFI opened at $72.12 on Friday. ICF International has a twelve month low of $60.22 and a twelve month high of $82.25. The stock has a market capitalization of $1.38 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.76 and a beta of 0.67. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average price of $74.06.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.09. ICF International had a net margin of 4.67% and a return on equity of 11.37%. The business had revenue of $341.25 million for the quarter, compared to the consensus estimate of $328.54 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, sell-side analysts forecast that ICF International will post 4.17 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Friday, June 14th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, June 13th. ICF International’s dividend payout ratio is presently 15.01%.

In related news, Director Peter M. Schulte sold 1,372 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $72.51, for a total value of $99,483.72. Following the transaction, the director now owns 230,966 shares of the company’s stock, valued at approximately $16,747,344.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter M. Schulte sold 1,244 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.62, for a total transaction of $91,583.28. Following the completion of the transaction, the director now directly owns 232,338 shares in the company, valued at approximately $17,104,723.56. The disclosure for this sale can be found here. Company insiders own 4.42% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ICFI. O Shaughnessy Asset Management LLC increased its position in ICF International by 2.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 110,911 shares of the business services provider’s stock valued at $8,416,000 after purchasing an additional 2,825 shares during the period. Investment Counselors of Maryland LLC increased its position in ICF International by 2.1% during the 4th quarter. Investment Counselors of Maryland LLC now owns 390,939 shares of the business services provider’s stock valued at $25,325,000 after purchasing an additional 8,000 shares during the period. Martingale Asset Management L P increased its position in ICF International by 3.1% during the 4th quarter. Martingale Asset Management L P now owns 70,606 shares of the business services provider’s stock valued at $4,575,000 after purchasing an additional 2,095 shares during the period. Geode Capital Management LLC increased its position in ICF International by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 217,053 shares of the business services provider’s stock valued at $14,060,000 after purchasing an additional 7,452 shares during the period. Finally, United Services Automobile Association increased its position in ICF International by 1.6% during the 4th quarter. United Services Automobile Association now owns 106,239 shares of the business services provider’s stock valued at $6,882,000 after purchasing an additional 1,698 shares during the period. 93.17% of the stock is currently owned by institutional investors.

ICF International Company Profile

ICF International Inc provides management, marketing, 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, market, business, communication, and technology challenges.

See Also: Dividend

To view ValuEngine’s full report, visit ValuEngine’s official website.

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