Anne F. Choate Sells 1,438 Shares of ICF International, Inc. (NASDAQ:ICFI) Stock

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

ICF International Stock Up 1.7 %

NASDAQ ICFI opened at $171.64 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a 52 week low of $128.28 and a 52 week high of $179.67. The business’s fifty day simple moving average is $167.59 and its 200-day simple moving average is $153.71. The firm has a market cap of $3.22 billion, a PE ratio of 30.17 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last issued its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period in the previous year, the firm earned $1.81 earnings per share. ICF International’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that ICF International, Inc. will post 7.45 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.33%. ICF International’s dividend payout ratio (DPR) is 9.84%.

Institutional Investors Weigh In On ICF International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. grew its holdings in shares of ICF International by 17.4% during the 3rd quarter. Zions Bancorporation N.A. now owns 15,994 shares of the business services provider’s stock worth $2,668,000 after purchasing an additional 2,368 shares during the period. Chartwell Investment Partners LLC lifted its position in ICF International by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock valued at $1,377,000 after buying an additional 67 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after buying an additional 58 shares during the period. Congress Asset Management Co. increased its position in shares of ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after acquiring an additional 34,299 shares during the last quarter. Finally, Argent Capital Management LLC raised its stake in shares of ICF International by 5.3% in the 3rd quarter. Argent Capital Management LLC now owns 28,880 shares of the business services provider’s stock valued at $4,817,000 after acquiring an additional 1,462 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ICF International Company Profile

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.