Short Interest in ICF International, Inc. (NASDAQ:ICFI) Grows By 30.4%

ICF International, Inc. (NASDAQ:ICFI) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 603,500 shares, a growth of 30.4% from the November 15th total of 462,900 shares. Based on an average daily volume of 150,200 shares, the days-to-cover ratio is presently 4.0 days. Currently, 3.3% of the shares of the stock are short sold.

ICF International Stock Down 1.3 %

ICF International stock traded down $1.62 during midday trading on Friday, hitting $125.28. 250,692 shares of the stock were exchanged, compared to its average volume of 115,288. ICF International has a 1 year low of $124.78 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 firm has a market cap of $2.35 billion, a P/E ratio of 22.02 and a beta of 0.54. The company has a 50 day moving average price of $154.41 and a two-hundred day moving average price of $152.62.

ICF International (NASDAQ:ICFI) last released its quarterly 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 business had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. During the same quarter in the previous year, the firm posted $1.81 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that ICF International will post 7.35 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ICFI. StockNews.com lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Barrington Research reiterated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Tuesday, November 19th. Finally, Truist Financial decreased their target price on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, ICF International has a consensus rating of “Moderate Buy” and an average target price of $167.25.

Insider Activity

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

Institutional Investors Weigh In On ICF International

Institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in ICF International during the third quarter worth $734,000. Geode Capital Management LLC raised its holdings in shares of ICF International by 4.3% during the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after purchasing an additional 18,109 shares during the period. Pier Capital LLC acquired a new stake in shares of ICF International during the third quarter worth $6,579,000. Systematic Financial Management LP lifted its position in shares of 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 buying an additional 2,484 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after buying an additional 967 shares during the period. Institutional investors and hedge funds 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.