ICF International (NASDAQ:ICFI) Sets New 12-Month Low – Should You Sell?

ICF International, Inc. (NASDAQ:ICFI)’s stock price reached a new 52-week low on Monday . The stock 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.

Analyst Upgrades and Downgrades

ICFI has been the topic of a number of research analyst reports. Barrington Research restated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. StockNews.com lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Truist Financial lowered their price target on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. D. Boral Capital restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Finally, Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.60.

ICF International Trading Up 2.7 %

The company has a market capitalization of $2.24 billion, a PE ratio of 20.94 and a beta of 0.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The company’s fifty day moving average is $136.27 and its 200-day moving average is $149.76.

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

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, December 6th. ICF International’s payout ratio is currently 9.84%.

Insider Activity at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the sale, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott B. Salmirs purchased 400 shares of the business’s stock in a transaction on Monday, November 18th. The shares were bought at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the purchase, the director now directly owns 5,803 shares in the company, valued at $803,019.14. This represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 4,038 shares of company stock valued at $705,355 over the last 90 days. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after acquiring an additional 58 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in shares of 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 worth $1,377,000 after purchasing an additional 67 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of ICF International by 0.9% during the second quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock worth $4,081,000 after purchasing an additional 247 shares during the period. Martingale Asset Management L P boosted its position in ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after buying an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after buying an additional 967 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.