ICF International Inc (NASDAQ:ICFI) COO John Wasson sold 2,532 shares of the stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $79.58, for a total value of $201,496.56. Following the sale, the chief operating officer now directly owns 51,113 shares in the company, valued at approximately $4,067,572.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NASDAQ:ICFI traded down $0.19 during trading hours on Friday, hitting $71.51. 80,916 shares of the company were exchanged, compared to its average volume of 107,929. The firm has a market cap of $1.42 billion, a P/E ratio of 23.68, a P/E/G 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 Inc has a one year low of $50.10 and a one year high of $82.25.
ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, August 2nd. The business services provider reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $315.92 million. During the same period in the prior year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts expect that ICF International Inc will post 3.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Friday, September 7th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 6th. ICF International’s dividend payout ratio (DPR) is presently 18.54%.
Several hedge funds have recently bought and sold shares of the company. Copper Rock Capital Partners LLC raised its position in shares of ICF International by 7.5% in 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 acquiring an additional 29,474 shares in the last quarter. United Services Automobile Association raised its position in shares of ICF International by 16.3% in the 2nd quarter. United Services Automobile Association now owns 150,306 shares of the business services provider’s stock worth $10,679,000 after acquiring an additional 21,062 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of ICF International by 17.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 112,529 shares of the business services provider’s stock worth $7,995,000 after acquiring an additional 16,567 shares in the last quarter. California Public Employees Retirement System raised its position in shares of ICF International by 27.8% in the 2nd quarter. California Public Employees Retirement System now owns 36,571 shares of the business services provider’s stock worth $2,598,000 after acquiring an additional 7,954 shares in the last quarter. Finally, Zebra Capital Management LLC raised its position in shares of ICF International by 189.4% in the 2nd quarter. Zebra Capital Management LLC now owns 12,867 shares of the business services provider’s stock worth $914,000 after acquiring an additional 8,421 shares in the last quarter. 90.83% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. Loop Capital raised their target price on ICF International to $89.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research downgraded ICF International from a “buy” rating to a “hold” rating in a report on Friday, June 15th. Barrington Research set a $86.00 price target on ICF International and gave the company a “buy” rating in a research note on Monday, August 13th. BidaskClub upgraded ICF International from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Cowen upgraded ICF International from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research note on Friday, August 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $79.67.
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, 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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