ICF International (NASDAQ:ICFI) Price Target Raised to $90.00

ICF International (NASDAQ:ICFI) had its target price increased by Truist Financial from $80.00 to $90.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

Several other brokerages also recently weighed in on ICFI. Wall Street Zen downgraded ICF International from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 7th. Weiss Ratings upgraded ICF International from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Finally, Barrington Research set a $110.00 price objective on ICF International in a report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.00.

ICF International Price Performance

ICF International stock opened at $82.77 on Monday. The stock has a market capitalization of $1.49 billion, a P/E ratio of 15.59 and a beta of 0.45. ICF International has a 12-month low of $58.83 and a 12-month high of $100.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.40. The firm’s 50-day moving average is $87.89 and its two-hundred day moving average is $78.80.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, November 5th. The business services provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.06. ICF International had a net margin of 5.29% and a return on equity of 11.81%. The business had revenue of $470.50 million during the quarter, compared to analyst estimates of $490.83 million. During the same quarter in the previous year, the business posted $1.67 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Equities analysts predict that ICF International will post 7.09 earnings per share for the current year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, December 4th. ICF International’s dividend payout ratio is presently 10.55%.

Insider Activity

In related news, EVP Sergio J. Ostria sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $88.59, for a total value of $177,180.00. Following the completion of the sale, the executive vice president directly owned 24,467 shares in the company, valued at approximately $2,167,531.53. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Wasson sold 6,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $88.32, for a total transaction of $565,248.00. Following the completion of the sale, the chief executive officer owned 6,339 shares of the company’s stock, valued at approximately $559,860.48. The trade was a 50.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On ICF International

Large investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of ICF International in the 3rd quarter valued at $25,000. Farther Finance Advisors LLC increased its holdings in shares of ICF International by 73.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 336 shares of the business services provider’s stock worth $28,000 after buying an additional 142 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of ICF International by 41.3% during the 3rd quarter. GAMMA Investing LLC now owns 472 shares of the business services provider’s stock worth $39,000 after buying an additional 138 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of ICF International during the 2nd quarter worth $86,000. Finally, Nisa Investment Advisors LLC raised its position in shares of ICF International by 11.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the business services provider’s stock worth $136,000 after buying an additional 162 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Company Profile

ICF International, Inc. is a consulting and technology services company headquartered in Reston, Virginia. Founded in 1969 as the Inner City Fund, the company works with government agencies and commercial clients, combining advisory services with technology implementation and digital solutions. Its work spans energy and climate, environmental management, health, social programs, and disaster recovery. ICF also provides policy research, data analytics, program management, strategic communications, and technology services, including support for digital transformation and cybersecurity initiatives.