ICF International (NASDAQ:ICFI) Sets New 1-Year Low – What’s Next?

ICF International, Inc. (NASDAQ:ICFI)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $116.45 and last traded at $116.51, with a volume of 57526 shares traded. The stock had previously closed at $118.82.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ICFI shares. 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. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th. StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. D. Boral Capital reiterated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research note on Monday, December 16th. Finally, Truist Financial decreased their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, ICF International presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

ICF International Price Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $2.24 billion, a P/E ratio of 20.94 and a beta of 0.57. The firm’s fifty day moving average is $136.27 and its two-hundred day moving average is $149.76.

ICF International (NASDAQ:ICFI) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same quarter last year, the business posted $1.81 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, analysts anticipate that ICF International, Inc. will post 7.35 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.47%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Activity

In other news, EVP Anne F. Choate sold 1,438 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the sale, the executive vice president now directly owns 3,417 shares in the company, valued at $593,293.71. The trade was a 29.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,038 shares of company stock worth $705,355 over the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

Large investors have recently added to or reduced their stakes in the stock. Pier Capital LLC purchased a new stake in ICF International during the 3rd quarter valued at $6,579,000. Congress Asset Management Co. boosted its stake in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after purchasing an additional 34,299 shares during the period. Geode Capital Management LLC grew its holdings in ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after purchasing an additional 18,109 shares during the last quarter. Tilia Fiduciary Partners Inc. bought a new stake in ICF International in the third quarter worth about $2,364,000. Finally, BNP Paribas Financial Markets boosted its position in shares of ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after buying an additional 8,548 shares during the period. 94.12% of the stock is owned by institutional investors.

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.