Brokerages Set ICF International, Inc. (NASDAQ:ICFI) Price Target at $128.20

Shares of ICF International, Inc. (NASDAQ:ICFI) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $128.20.

Several equities research analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $107.00 price objective on shares of ICF International in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ICF International in a research note on Friday, October 31st.

Insider Activity at ICF International

In related news, COO James C. M. Morgan sold 2,400 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $95.19, for a total transaction of $228,456.00. Following the completion of the transaction, the chief operating officer directly owned 39,704 shares of the company’s stock, valued at approximately $3,779,423.76. This represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.48% of the company’s stock.

Institutional Trading of ICF International

Hedge funds have recently modified their holdings of the company. Tributary Capital Management LLC boosted its position in shares of ICF International by 126.6% during the 3rd quarter. Tributary Capital Management LLC now owns 464,584 shares of the business services provider’s stock valued at $43,113,000 after acquiring an additional 259,581 shares during the last quarter. Neumeier Poma Investment Counsel LLC raised its stake in ICF International by 92.0% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 328,181 shares of the business services provider’s stock valued at $30,455,000 after purchasing an additional 157,295 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in ICF International during the first quarter valued at $1,671,000. Gabelli Funds LLC purchased a new position in shares of ICF International in the 3rd quarter worth $974,000. Finally, Argent Capital Management LLC increased its holdings in shares of ICF International by 26.4% in the 2nd quarter. Argent Capital Management LLC now owns 47,946 shares of the business services provider’s stock worth $4,062,000 after buying an additional 10,028 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Stock Down 1.7%

ICFI opened at $78.85 on Thursday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 13.71 and a beta of 0.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s fifty day moving average is $90.42 and its 200 day moving average is $89.08. ICF International has a fifty-two week low of $72.03 and a fifty-two week high of $173.11.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). ICF International had a return on equity of 14.50% and a net margin of 5.45%.The business had revenue of $465.41 million during the quarter, compared to analysts’ expectations of $485.10 million. During the same quarter in the previous year, the company posted $2.13 EPS. The company’s quarterly revenue was down 10.0% on a year-over-year basis. On average, sell-side analysts forecast that ICF International will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, December 5th. ICF International’s payout ratio is 10.57%.

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.