ICF International (NASDAQ:ICFI) Upgraded to “Strong-Buy” at StockNews.com

ICF International (NASDAQ:ICFI) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

A number of other equities research analysts also recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. Truist Financial increased their target price on shares of ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ICF International has a consensus rating of “Moderate Buy” and a consensus price target of $166.00.

ICF International Trading Down 1.2 %

Shares of ICFI stock traded down $2.08 during trading hours on Tuesday, hitting $168.49. The company had a trading volume of 181,381 shares, compared to its average volume of 99,751. The company’s fifty day moving average is $167.69 and its 200 day moving average is $154.08. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.19. ICF International has a fifty-two week low of $128.28 and a fifty-two week high of $179.67. The stock has a market capitalization of $3.16 billion, a PE ratio of 29.61 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last announced its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period in the prior year, the firm earned $1.81 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts expect that ICF International will post 7.45 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 3,417 shares in the company, valued at $563,805. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO John Wasson sold 1,417 shares of ICF International stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the sale, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the completion of the sale, the executive vice president now directly owns 3,417 shares in the company, valued at $563,805. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,823 shares of company stock worth $1,165,078 in the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ICF International

Several hedge funds have recently modified their holdings of the stock. Congress Asset Management Co. boosted its stake in shares of ICF International by 10.7% in the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after purchasing an additional 34,299 shares during the period. Tilia Fiduciary Partners Inc. purchased a new position in shares of ICF International in the third quarter valued at $2,364,000. SG Americas Securities LLC raised its holdings in ICF International by 730.3% in the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock valued at $1,370,000 after acquiring an additional 8,114 shares in the last quarter. Clearbridge Investments LLC raised its holdings in ICF International by 2.5% in the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock valued at $19,187,000 after acquiring an additional 3,070 shares in the last quarter. Finally, Argent Capital Management LLC raised its holdings in ICF International by 10.2% in the second quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after acquiring an additional 2,542 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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.