ICF International (ICFI) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of ICF International (NASDAQ:ICFI) from a hold rating to a buy rating in a report published on Wednesday morning. They currently have $63.00 target price on the business services provider’s stock.
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. “
Other analysts also recently issued reports about the company. ValuEngine upgraded ICF International from a hold rating to a buy rating in a research report on Thursday, February 8th. BidaskClub downgraded ICF International from a buy rating to a hold rating in a research report on Thursday, December 7th. Finally, Noble Financial reiterated a hold rating on shares of ICF International in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. ICF International currently has an average rating of Hold and an average price target of $63.25.
ICF International (NASDAQ:ICFI) last posted its earnings results on Tuesday, February 27th. The business services provider reported $0.78 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.78. The company had revenue of $321.17 million for the quarter, compared to the consensus estimate of $307.52 million. ICF International had a return on equity of 10.14% and a net margin of 5.12%. equities analysts predict that ICF International will post 3.7 EPS for the current year.
The company also recently announced a special dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 28th.
In other news, CEO Sudhakar Kesavan sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $58.00, for a total value of $1,740,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.48% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ICFI. Ramsey Quantitative Systems acquired a new position in shares of ICF International in the fourth quarter worth $207,000. MetLife Investment Advisors LLC acquired a new position in shares of ICF International in the fourth quarter worth $466,000. First Quadrant L P CA raised its holdings in shares of ICF International by 23.2% in the third quarter. First Quadrant L P CA now owns 13,201 shares of the business services provider’s stock worth $712,000 after acquiring an additional 2,483 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of ICF International by 28.3% in the second quarter. California Public Employees Retirement System now owns 27,200 shares of the business services provider’s stock worth $1,281,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Nationwide Fund Advisors raised its holdings in shares of ICF International by 41.8% in the third quarter. Nationwide Fund Advisors now owns 36,703 shares of the business services provider’s stock worth $1,980,000 after acquiring an additional 10,825 shares during the last quarter. 88.37% of the stock is owned by institutional investors.
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ICF International Company Profile
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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