ICF International, Inc. (NASDAQ:ICFI) Director Scott B. Salmirs Acquires 1,250 Shares

ICF International, Inc. (NASDAQ:ICFI) Director Scott B. Salmirs purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average price of $83.98 per share, with a total value of $104,975.00. Following the completion of the purchase, the director now directly owns 7,653 shares of the company’s stock, valued at approximately $642,698.94. This represents a 19.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

ICF International Price Performance

Shares of NASDAQ ICFI traded up $1.94 during mid-day trading on Tuesday, hitting $85.76. 93,998 shares of the stock were exchanged, compared to its average volume of 197,674. The company has a market cap of $1.58 billion, a P/E ratio of 15.08 and a beta of 0.51. The stock’s fifty day simple moving average is $84.43 and its two-hundred day simple moving average is $102.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. ICF International, Inc. has a twelve month low of $75.91 and a twelve month high of $179.67.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $487.62 million during the quarter, compared to analyst estimates of $487.28 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.77 earnings per share. As a group, analysts forecast that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Friday, June 6th. ICF International’s dividend payout ratio is currently 9.61%.

Analysts Set New Price Targets

A number of research firms have weighed in on ICFI. Barrington Research cut their target price on ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Wall Street Zen downgraded ICF International from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Truist Financial dropped their price target on ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, Canaccord Genuity Group dropped their price target on ICF International from $100.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.20.

Institutional Trading of ICF International

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in ICF International by 411.7% in the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider’s stock valued at $10,756,000 after acquiring an additional 72,595 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of ICF International by 5,171.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider’s stock worth $8,810,000 after purchasing an additional 72,502 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of ICF International by 2,331.0% during the fourth quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider’s stock worth $7,770,000 after acquiring an additional 62,495 shares during the period. Hillsdale Investment Management Inc. increased its stake in ICF International by 76,550.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider’s stock valued at $3,655,000 after buying an additional 30,620 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of ICF International by 453.9% in the 4th quarter. Quantbot Technologies LP now owns 28,310 shares of the business services provider’s stock valued at $3,375,000 after acquiring an additional 23,199 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

About ICF International

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.