Insider Selling: ICF International, Inc. (NASDAQ:ICFI) EVP Sells 1,438 Shares of Stock

ICF International, Inc. (NASDAQ:ICFI) EVP Anne F. Choate sold 1,438 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the completion of the sale, the executive vice president now owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

ICF International Price Performance

Shares of ICFI opened at $171.64 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $167.59 and its two-hundred day moving average is $153.79. ICF International, Inc. has a twelve month low of $128.28 and a twelve month high of $179.67. The firm has a market capitalization of $3.22 billion, a PE ratio of 30.17 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. The firm 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 14.68% and a net margin of 5.38%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.81 earnings per share. Research analysts anticipate that ICF International, Inc. will post 7.45 earnings per share for the current year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. ICF International’s dividend payout ratio is presently 9.84%.

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 position in ICF International in the first quarter valued at about $25,000. Farther Finance Advisors LLC grew its holdings in ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of ICF International during the 1st quarter worth $167,000. Marshall Wace LLP purchased a new position in ICF International during the 2nd quarter valued at about $301,000. Finally, AlphaMark Advisors LLC acquired a new position in ICF International during the third quarter worth about $342,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ICFI. Truist Financial upped their target price on shares of ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 1st. Barrington Research reiterated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research note on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.00.

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.