ICF International, Inc. (NASDAQ:ICFI) COO Sells $381,250.00 in Stock

ICF International, Inc. (NASDAQ:ICFI) COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total transaction of $381,250.00. Following the transaction, the chief operating officer now directly owns 40,163 shares in the company, valued at approximately $6,124,857.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

ICF International Price Performance

ICFI traded down $7.51 during trading hours on Monday, hitting $152.90. The company’s stock had a trading volume of 165,383 shares, compared to its average volume of 103,980. The business’s 50-day moving average price is $141.14 and its 200-day moving average price is $144.77. ICF International, Inc. has a 12 month low of $115.67 and a 12 month high of $161.01. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 31.22 and a beta of 0.60. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.20. The firm had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. ICF International had a net margin of 4.98% and a return on equity of 14.50%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. Sell-side analysts expect that ICF International, Inc. will post 6.79 earnings per share for the current fiscal year.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Friday, September 6th. ICF International’s dividend payout ratio (DPR) is presently 11.38%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial downgraded shares of ICF International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $168.00 to $155.00 in a report on Monday, July 1st. William Blair raised shares of ICF International from a “market perform” rating to an “outperform” rating in a report on Monday, June 24th. Finally, Barrington Research reissued an “outperform” rating and issued a $173.00 target price on shares of ICF International in a report on Friday, May 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.50.

Institutional Trading of ICF International

Hedge funds have recently added to or reduced their stakes in the business. Torray Investment Partners LLC increased its holdings in ICF International by 1.0% in the 4th quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider’s stock worth $1,743,000 after buying an additional 130 shares during the period. Whittier Trust Co. purchased a new position in ICF International in the 1st quarter valued at $25,000. Rhumbline Advisers lifted its holdings in ICF International by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after purchasing an additional 247 shares in the last quarter. Argent Capital Management LLC lifted its holdings in ICF International by 1.8% in the 4th quarter. Argent Capital Management LLC now owns 24,270 shares of the business services provider’s stock valued at $3,254,000 after purchasing an additional 419 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in ICF International by 26.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 1,000 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.