ICF International (NASDAQ:ICFI) Sets New 12-Month High – Time to Buy?

ICF International, Inc. (NASDAQ:ICFI) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $170.58 and last traded at $170.33, with a volume of 10799 shares traded. The stock had previously closed at $167.98.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. William Blair upgraded shares of ICF International from a “market perform” rating to an “outperform” rating in a research report on Monday, June 24th. Truist Financial downgraded shares of ICF International from a “buy” rating to a “hold” rating and cut their price target for the company from $168.00 to $155.00 in a report on Monday, July 1st. Finally, Barrington Research reissued an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.75.

ICF International Stock Up 0.2 %

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 moving average of $162.99 and a 200-day moving average of $150.04. The stock has a market cap of $3.16 billion, a PE ratio of 32.24 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, topping the consensus estimate of $1.49 by $0.20. The firm had revenue of $512.03 million during 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 14.37%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 EPS. Equities research analysts anticipate that ICF International, Inc. will post 7.06 earnings per share for the current year.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 6th will be issued 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 is Friday, September 6th. ICF International’s dividend payout ratio is currently 10.75%.

Insider Buying and Selling

In other ICF International news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $563,805. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total value of $381,250.00. Following the transaction, the chief operating officer now directly owns 40,163 shares of the company’s stock, valued at $6,124,857.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,285 shares of company stock worth $840,973 in the last 90 days. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ICFI. Whittier Trust Co. purchased a new stake in ICF International in the first quarter valued at approximately $25,000. Rhumbline Advisers boosted its holdings in shares of 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 acquiring an additional 247 shares during the last quarter. Argent Capital Management LLC increased its stake in shares of ICF International by 2.5% in the first quarter. Argent Capital Management LLC now owns 24,876 shares of the business services provider’s stock worth $3,747,000 after acquiring an additional 606 shares during the period. SG Americas Securities LLC purchased a new position in shares of ICF International during the first quarter worth $167,000. Finally, Torray Investment Partners LLC lifted its position in ICF International by 8.7% during the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock valued at $2,145,000 after purchasing an additional 1,159 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

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.