Truist Financial Cuts ICF International (NASDAQ:ICFI) Price Target to $140.00

ICF International (NASDAQ:ICFI) had its price objective lowered by Truist Financial from $180.00 to $140.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a hold rating on the business services provider’s stock.

Several other equities analysts have also recently weighed in on ICFI. Barrington Research reiterated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded shares of ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, ICF International currently has an average rating of “Buy” and an average price target of $167.25.

ICF International Trading Up 0.9 %

Shares of NASDAQ:ICFI opened at $135.52 on Friday. The company’s 50-day moving average price is $163.71 and its 200 day moving average price is $153.82. ICF International has a fifty-two week low of $128.28 and a fifty-two week high of $179.67. The company has a market cap of $2.54 billion, a PE ratio of 23.82 and a beta of 0.61. 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 (NASDAQ:ICFI) last announced 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. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that ICF International will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.

Insider Transactions at ICF International

In related news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the sale, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. This trade represents a 28.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott B. Salmirs bought 400 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the transaction, the director now owns 5,803 shares of the company’s stock, valued at $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 6,823 shares of company stock worth $1,165,078 over the last three months. 1.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ICFI. Farther Finance Advisors LLC boosted its stake in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after buying an additional 58 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of ICF International during the 1st quarter valued at about $167,000. Marshall Wace LLP bought a new stake in ICF International in the second quarter valued at about $301,000. AlphaMark Advisors LLC acquired a new position in ICF International in the third quarter worth about $342,000. Finally, Martingale Asset Management L P lifted its stake in ICF International by 25.5% during the third 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 period. 94.12% of the stock is currently 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.