Zacks Investment Research downgraded shares of ICF International Inc. (NASDAQ:ICFI) from a buy rating to a hold rating in a report published on Monday.

According to Zacks, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions. “

Separately, Stifel Nicolaus lifted their target price on shares of ICF International from $49.00 to $51.00 and gave the stock a buy rating in a research report on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. ICF International has an average rating of Hold and a consensus price target of $49.00.

ICF International (NASDAQ:ICFI) opened at 43.95 on Monday. The stock has a market cap of $833.82 million, a PE ratio of 19.96 and a beta of 1.27. The firm has a 50-day moving average of $41.76 and a 200 day moving average of $39.36. ICF International has a 12 month low of $29.19 and a 12 month high of $44.10.

ICF International (NASDAQ:ICFI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company earned $305.40 million during the quarter, compared to analysts’ expectations of $294.06 million. ICF International had a net margin of 3.67% and a return on equity of 10.23%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Analysts anticipate that ICF International will post $2.88 EPS for the current year.

In other news, CEO Sudhakar Kesavan sold 9,634 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $41.00, for a total value of $394,994.00. Following the completion of the transaction, the chief executive officer now owns 152,364 shares of the company’s stock, valued at $6,246,924. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ellen Glover sold 8,952 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $43.00, for a total transaction of $384,936.00. Following the completion of the transaction, the executive vice president now directly owns 34,246 shares of the company’s stock, valued at approximately $1,472,578. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Systematic Financial Management LP bought a new position in shares of ICF International during the second quarter valued at approximately $1,533,000. UBS Asset Management Americas Inc. bought a new position in shares of ICF International during the second quarter valued at approximately $221,000. Ameriprise Financial Inc. bought a new position in shares of ICF International during the second quarter valued at approximately $2,867,000. Emerald Acquisition Ltd. bought a new position in shares of ICF International during the second quarter valued at approximately $7,177,000. Finally, Emerald Advisers Inc. PA bought a new position in shares of ICF International during the second quarter valued at approximately $513,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

ICF International Company Profile

ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.

5 Day Chart for NASDAQ:ICFI

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