ICF International (NASDAQ:ICFI) had its target price upped by Sidoti from $96.00 to $99.00 in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the business services provider’s stock.
Several other research firms have also recently commented on ICFI. Zacks Investment Research cut ICF International from a buy rating to a hold rating and set a $88.00 price objective on the stock. in a research report on Tuesday, August 20th. Barrington Research reaffirmed a buy rating and set a $89.00 price objective on shares of ICF International in a research report on Wednesday, August 7th. ValuEngine cut ICF International from a buy rating to a hold rating in a research report on Tuesday, September 10th. BidaskClub cut ICF International from a strong-buy rating to a buy rating in a research report on Friday, September 6th. Finally, SunTrust Banks increased their price objective on ICF International to $110.00 and gave the company a buy rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $90.83.
NASDAQ ICFI opened at $81.13 on Thursday. ICF International has a 12 month low of $60.22 and a 12 month high of $86.38. The stock has a market cap of $1.49 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.89 and a beta of 0.67. The stock’s fifty day moving average price is $81.51 and its 200-day moving average price is $77.53. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.61.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.56 annualized dividend and a yield of 0.69%. ICF International’s payout ratio is 15.01%.
In other news, COO John Wasson sold 14,468 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $80.76, for a total value of $1,168,435.68. Following the transaction, the chief operating officer now owns 82,248 shares of the company’s stock, valued at $6,642,348.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sudhakar Kesavan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $82.00, for a total value of $1,230,000.00. Following the completion of the transaction, the chief executive officer now directly owns 213,498 shares in the company, valued at approximately $17,506,836. The disclosure for this sale can be found here. Insiders sold 44,468 shares of company stock worth $3,673,436 over the last three months. Insiders own 4.67% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in ICF International by 21.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 888,513 shares of the business services provider’s stock valued at $64,680,000 after purchasing an additional 156,967 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in ICF International during the 1st quarter valued at approximately $10,254,000. RK Capital Management LLC purchased a new position in ICF International during the 1st quarter valued at approximately $7,562,000. Marshall Wace LLP grew its holdings in ICF International by 240.6% during the 2nd quarter. Marshall Wace LLP now owns 104,159 shares of the business services provider’s stock valued at $7,582,000 after buying an additional 73,574 shares in the last quarter. Finally, Peregrine Capital Management LLC grew its holdings in ICF International by 21.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 278,539 shares of the business services provider’s stock valued at $20,278,000 after buying an additional 48,341 shares in the last quarter. 93.33% of the stock is currently owned by hedge funds and other institutional investors.
About ICF International
ICF International Inc provides management, marketing, 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, market, business, communication, and technology challenges.
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