ICF International, Inc. (NASDAQ:ICFI) Director Scott B. Salmirs Acquires 400 Shares

ICF International, Inc. (NASDAQ:ICFI) Director Scott B. Salmirs bought 400 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the purchase, the director now owns 5,803 shares of the company’s stock, valued at $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

ICF International Trading Down 1.3 %

Shares of ICF International stock opened at $133.46 on Wednesday. ICF International, Inc. has a 1 year low of $128.28 and a 1 year high of $179.67. 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 stock has a market cap of $2.50 billion, a PE ratio of 23.46 and a beta of 0.61. The firm has a fifty day moving average price of $166.17 and a 200 day moving average price of $154.27.

ICF International (NASDAQ:ICFI) last posted its earnings results on Friday, November 1st. The business services provider reported $2.13 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 for the quarter, compared to analyst estimates of $528.02 million. During the same period last year, the company earned $1.81 earnings per share. ICF International’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts predict that ICF International, Inc. will post 7.45 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, January 10th. Investors of record on Friday, December 6th will be given 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 0.42%. ICF International’s dividend payout ratio is presently 9.84%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ICFI. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Tuesday. StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Barrington Research reiterated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Finally, Truist Financial upped their target price on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $177.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICFI. Geode Capital Management LLC grew its position in shares of 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 acquiring an additional 18,109 shares during the period. Pier Capital LLC purchased a new stake in ICF International in the 3rd quarter worth $6,579,000. Systematic Financial Management LP increased its holdings in ICF International by 0.9% in the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after acquiring an additional 2,484 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after purchasing an additional 967 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in shares of ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after purchasing an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.