ICF International (NASDAQ:ICFI) Sets New 1-Year Low – Here’s Why

ICF International, Inc. (NASDAQ:ICFI) reached a new 52-week low during trading on Friday . The company traded as low as $114.52 and last traded at $118.21, with a volume of 48778 shares changing hands. The stock had previously closed at $119.85.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Tuesday, November 19th. Truist Financial dropped their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Finally, D. Boral Capital reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research report on Monday, December 16th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ICF International presently has an average rating of “Moderate Buy” and an average price target of $168.60.

ICF International Trading Down 2.6 %

The company’s 50 day simple moving average is $125.62 and its two-hundred day simple moving average is $148.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.51 and a beta of 0.57.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $528.02 million. During the same quarter last year, the firm earned $1.81 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that ICF International, Inc. will post 7.44 earnings per share for the current fiscal year.

Insider Buying and Selling at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $593,293.71. This represents a 29.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott B. Salmirs acquired 400 shares of the stock in a transaction dated Monday, November 18th. The shares were bought 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 directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. 1.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ICF International

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in 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 purchasing an additional 18,109 shares during the last quarter. BNP Paribas Financial Markets boosted its position in ICF International by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after buying an additional 8,548 shares during the last quarter. Quantbot Technologies LP acquired a new position in ICF International in the 3rd quarter worth approximately $852,000. Pier Capital LLC purchased a new position in ICF International during the 3rd quarter worth approximately $6,579,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in ICF International during the 3rd quarter valued at approximately $734,000. 94.12% of the stock is owned by institutional investors and hedge funds.

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.