ICF International (NASDAQ:ICFI) Reaches New 12-Month Low – Here’s Why

Shares of ICF International, Inc. (NASDAQ:ICFI) hit a new 52-week low on Tuesday . The stock traded as low as $124.50 and last traded at $124.50, with a volume of 255 shares trading hands. The stock had previously closed at $125.94.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Truist Financial cut their price target on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Barrington Research reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. D. Boral Capital restated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Monday. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Finally, Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.60.

ICF International Price Performance

The company’s 50 day simple moving average is $151.85 and its 200-day simple moving average is $152.20. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.50 and a beta of 0.54.

ICF International (NASDAQ:ICFI) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same period in the previous year, the company earned $1.81 EPS. ICF International’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts predict that ICF International, Inc. will post 7.35 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.

Insider Transactions at ICF International

In other news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at $6,593,661.41. The trade was a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Scott B. Salmirs bought 400 shares of the company’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 transaction, the director now owns 5,803 shares in the company, valued at approximately $803,019.14. This represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 4,038 shares of company stock worth $705,355 in the last three months. Company insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Several hedge funds and other institutional investors have recently bought and sold shares of ICFI. Farther Finance Advisors LLC boosted its position in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after buying an additional 58 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in ICF International by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock valued at $1,377,000 after purchasing an additional 67 shares during the last quarter. Rhumbline Advisers grew its stake in ICF International by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after purchasing an additional 247 shares in the last quarter. Martingale Asset Management L P increased its holdings in ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after purchasing an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after purchasing an additional 967 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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.