ICF International (NASDAQ:ICFI) Given New $180.00 Price Target at Truist Financial

ICF International (NASDAQ:ICFI) had its price objective raised by Truist Financial from $155.00 to $180.00 in a report published on Friday, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

Separately, Barrington Research reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, ICF International presently has an average rating of “Moderate Buy” and an average price target of $166.00.

ICF International Stock Down 0.5 %

ICFI traded down $0.82 during midday trading on Friday, hitting $167.77. 190,302 shares of the company’s stock traded hands, compared to its average volume of 97,563. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19. ICF International has a one year low of $115.67 and a one year high of $178.18. The stock’s fifty day simple moving average is $166.94 and its 200-day simple moving average is $152.65. The company has a market cap of $3.15 billion, a PE ratio of 32.20 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, October 31st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.32. The business had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $1.81 EPS. As a group, equities analysts anticipate that ICF International will post 7.06 earnings per share for the current fiscal year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s dividend payout ratio (DPR) is presently 10.75%.

Insider Buying and Selling

In other news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the sale, the chief operating officer now owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the transaction, the chief operating officer now owns 37,663 shares in the company, valued at $6,593,661.41. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the sale, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,285 shares of company stock valued at $897,398 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

Several large investors have recently made changes to their positions in ICFI. Whittier Trust Co. bought a new stake in shares of ICF International in the first quarter valued at about $25,000. Farther Finance Advisors LLC increased its stake in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after buying an additional 58 shares during the last quarter. SG Americas Securities LLC bought a new stake in ICF International during the 1st quarter worth about $167,000. Marshall Wace LLP acquired a new position in shares of ICF International during the 2nd quarter worth about $301,000. Finally, AlphaMark Advisors LLC bought a new position in shares of ICF International in the 3rd quarter valued at about $342,000. Institutional investors 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.