Insider Selling: ICF International, Inc. (NASDAQ:ICFI) EVP Sells 1,438 Shares of Stock

ICF International, Inc. (NASDAQ:ICFI) EVP Anne F. Choate sold 1,438 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total transaction of $249,679.94. Following the sale, the executive vice president now owns 3,417 shares in the company, valued at $593,293.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

ICF International Stock Down 0.6 %

Shares of NASDAQ ICFI traded down $1.06 during midday trading on Thursday, reaching $168.75. The company’s stock had a trading volume of 176,134 shares, compared to its average volume of 98,907. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a fifty-two week low of $128.28 and a fifty-two week high of $179.67. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 29.84 and a beta of 0.61. The stock has a 50 day simple moving average of $167.38 and a 200-day simple moving average of $153.38.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating 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 last year, the company earned $1.81 earnings per share. The firm’s revenue 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. ICF International’s dividend payout ratio is presently 9.84%.

Hedge Funds Weigh In On ICF International

Several hedge funds and other institutional investors have recently made changes to their positions in ICFI. Zions Bancorporation N.A. boosted its position in ICF International by 17.4% during the third 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 boosted its position in ICF International by 0.8% during 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 period. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 58 shares during the period. Congress Asset Management Co. boosted its position in 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 worth $59,014,000 after purchasing an additional 34,299 shares during the period. Finally, Argent Capital Management LLC boosted its position in ICF International by 5.3% during the third quarter. Argent Capital Management LLC now owns 28,880 shares of the business services provider’s stock worth $4,817,000 after purchasing an additional 1,462 shares during the period. 94.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on ICFI shares. Truist Financial raised their target price on shares of ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Barrington Research restated an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.