BidaskClub cut shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a research report released on Thursday, September 20th.
A number of other brokerages also recently weighed in on ICFI. Cowen raised shares of ICF International from a market perform rating to an outperform rating and set a $85.00 target price for the company in a research note on Friday, August 3rd. Zacks Investment Research raised shares of ICF International from a hold rating to a buy rating and set a $75.00 target price for the company in a research note on Saturday, May 26th. Barrington Research reiterated a buy rating and set a $75.00 price target on shares of ICF International in a report on Friday, June 8th. Loop Capital increased their price target on shares of ICF International to $79.00 and gave the company a buy rating in a report on Thursday, May 31st. Finally, ValuEngine cut shares of ICF International from a strong-buy rating to a buy rating in a report on Saturday, June 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $79.67.
Shares of NASDAQ:ICFI opened at $71.51 on Thursday. ICF International has a 12 month low of $50.10 and a 12 month high of $82.25. The stock has a market cap of $1.42 billion, a PE ratio of 23.68, a PEG ratio of 1.98 and a beta of 0.70. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38.
ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.10). ICF International had a return on equity of 9.90% and a net margin of 5.33%. The company had revenue of $324.30 million during the quarter, compared to the consensus estimate of $315.92 million. During the same period in the previous year, the company earned $0.73 earnings per share. ICF International’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that ICF International will post 3.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Friday, September 7th will be issued a $0.14 dividend. The ex-dividend date is Thursday, September 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.78%. ICF International’s dividend payout ratio is currently 18.54%.
In other ICF International news, EVP Ellen Glover sold 4,972 shares of ICF International stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $76.86, for a total value of $382,147.92. Following the completion of the transaction, the executive vice president now directly owns 35,416 shares of the company’s stock, valued at approximately $2,722,073.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Wasson sold 2,532 shares of ICF International stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $79.58, for a total transaction of $201,496.56. Following the completion of the transaction, the chief operating officer now directly owns 51,113 shares of the company’s stock, valued at $4,067,572.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,248 shares of company stock worth $2,843,210. 4.67% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Copper Rock Capital Partners LLC boosted its stake in shares of ICF International by 7.5% during the 3rd quarter. Copper Rock Capital Partners LLC now owns 421,934 shares of the business services provider’s stock worth $30,864,000 after purchasing an additional 29,474 shares during the period. Northern Trust Corp boosted its stake in shares of ICF International by 0.7% during the 1st quarter. Northern Trust Corp now owns 376,365 shares of the business services provider’s stock worth $21,998,000 after purchasing an additional 2,534 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of ICF International by 20.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 345,100 shares of the business services provider’s stock worth $24,519,000 after purchasing an additional 58,091 shares during the period. Systematic Financial Management LP boosted its stake in shares of ICF International by 25.9% during the 2nd quarter. Systematic Financial Management LP now owns 315,416 shares of the business services provider’s stock worth $22,410,000 after purchasing an additional 64,943 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of ICF International by 5.3% during the 1st quarter. Millennium Management LLC now owns 300,764 shares of the business services provider’s stock worth $17,580,000 after purchasing an additional 15,038 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.
About ICF International
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, and 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.
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