ICF International (NASDAQ:ICFI) Sets New 52-Week Low – Here’s What Happened

ICF International, Inc. (NASDAQ:ICFI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $124.50 and last traded at $124.50, with a volume of 255 shares changing hands. The stock had previously closed at $125.94.

Wall Street Analysts Forecast Growth

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

ICF International Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s fifty day moving average is $151.85 and its two-hundred day moving average is $152.20. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 21.50 and a beta of 0.54.

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 the consensus estimate of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same period last year, the firm posted $1.81 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect that ICF International, Inc. will post 7.35 earnings per share for the current fiscal 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 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 0.46%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ICFI. Wilmington Savings Fund Society FSB acquired a new position in ICF International during the 3rd quarter worth $734,000. Geode Capital Management LLC increased its stake in shares of ICF International by 4.3% in 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 bought a new stake in ICF International during the 3rd quarter valued at approximately $6,579,000. Systematic Financial Management LP increased its position 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 buying an additional 2,484 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 967 shares during the period. 94.12% of the stock is owned by 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.