ICF International (NASDAQ:ICFI) Rating Reiterated by Barrington Research

Barrington Research reaffirmed their outperform rating on shares of ICF International (NASDAQ:ICFI) in a research note issued to investors on Friday morning, Benzinga reports. Barrington Research currently has a $174.00 price objective on the business services provider’s stock.

Several other equities analysts have also recently commented on ICFI. William Blair upgraded ICF International from a market perform rating to an outperform rating in a research report on Monday, June 24th. Truist Financial lowered ICF International from a buy rating to a hold rating and dropped their price target for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, ICF International currently has an average rating of Moderate Buy and a consensus price target of $159.75.

ICF International Stock Performance

NASDAQ:ICFI opened at $169.48 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19. The business has a fifty day simple moving average of $156.79 and a two-hundred day simple moving average of $148.71. ICF International has a 1 year low of $115.67 and a 1 year high of $170.47. The company has a market capitalization of $3.18 billion, a P/E ratio of 34.45 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.20. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The company had revenue of $512.03 million during the quarter, compared to analysts’ expectations of $505.70 million. During the same period in the previous year, the business earned $1.57 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts expect that ICF International will post 7.06 earnings per share for the current year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders 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 dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, September 6th. ICF International’s dividend payout ratio (DPR) is presently 11.38%.

Insider Buying and Selling at ICF International

In other ICF International news, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the transaction, the chief executive officer now owns 52,605 shares of the company’s stock, valued at approximately $8,687,189.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other ICF International news, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the transaction, the chief executive officer now owns 52,605 shares in the company, valued at approximately $8,687,189.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anne F. Choate sold 1,368 shares of the company’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 value of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. The disclosure for this sale can be found here. Insiders sold 9,766 shares of company stock valued at $1,444,534 in the last 90 days. Insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. purchased a new stake in shares of ICF International in the 1st quarter worth approximately $25,000. SG Americas Securities LLC purchased a new stake in shares of ICF International in the 1st quarter worth approximately $167,000. Marshall Wace LLP purchased a new stake in shares of ICF International in the 2nd quarter worth approximately $301,000. Torray Investment Partners LLC grew its stake in shares of ICF International by 8.7% in the 2nd quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock worth $2,145,000 after buying an additional 1,159 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of ICF International by 9.4% in the 1st quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock worth $2,491,000 after buying an additional 1,419 shares during the last quarter. Hedge funds and other 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.