ICF International (NASDAQ:ICFI) Sees Unusually-High Trading Volume – What’s Next?

Shares of ICF International, Inc. (NASDAQ:ICFI) saw an uptick in trading volume on Wednesday . 410,332 shares changed hands during trading, an increase of 28% from the previous session’s volume of 321,728 shares.The stock last traded at $86.23 and had previously closed at $87.75.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ICFI shares. D. Boral Capital restated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 price target (down previously from $200.00) on shares of ICF International in a report on Friday, February 28th. Barrington Research decreased their price objective on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Truist Financial lowered their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Finally, StockNews.com downgraded shares of ICF International from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, ICF International currently has an average rating of “Moderate Buy” and a consensus target price of $140.20.

ICF International Stock Performance

The business’s fifty day moving average is $110.46 and its 200-day moving average is $138.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.61 billion, a PE ratio of 15.36 and a beta of 0.56.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, March 28th. ICF International’s dividend payout ratio is presently 9.61%.

Institutional Investors Weigh In On ICF International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ethic Inc. purchased a new position in ICF International during the fourth quarter valued at $292,000. BNP Paribas Financial Markets lifted its position in shares of ICF International by 411.7% during the 4th quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider’s stock valued at $10,756,000 after buying an additional 72,595 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in shares of ICF International by 5,171.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider’s stock valued at $8,810,000 after buying an additional 72,502 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of ICF International by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider’s stock valued at $1,358,000 after acquiring an additional 626 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in ICF International in the 4th quarter worth approximately $149,000. 94.12% of the stock is currently owned by hedge funds and other 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.