ICF International (NASDAQ:ICFI) Stock: Insider James Morgan Sells 3,000 Shares

ICF International, Inc. (NASDAQ:ICFI) insider James Morgan sold 3,000 shares of ICF International stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $84.32, for a total transaction of $252,960.00. Following the transaction, the insider owned 46,683 shares of the company’s stock, valued at $3,936,310.56. The trade was a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ICF International Stock Down 0.7%

Shares of ICF International stock traded down $0.55 during midday trading on Thursday, hitting $82.22. The company had a trading volume of 213,345 shares, compared to its average volume of 254,427. ICF International, Inc. has a 52-week low of $58.83 and a 52-week high of $100.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $1.48 billion, a P/E ratio of 15.48 and a beta of 0.45. The company has a 50 day moving average of $87.89 and a 200 day moving average of $78.80.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, November 5th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.06. ICF International had a return on equity of 11.81% and a net margin of 5.29%. The business had revenue of $470.50 million during the quarter, compared to analysts’ expectations of $490.83 million. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that ICF International, Inc. will post 7.09 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Friday, December 4th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, December 4th. ICF International’s payout ratio is currently 10.55%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ICFI. Root Financial Partners LLC bought a new position in shares of ICF International during the third quarter valued at $25,000. Nisa Investment Advisors LLC increased its holdings in ICF International by 11.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the business services provider’s stock worth $136,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC increased its holdings in ICF International by 41.3% in the 3rd quarter. GAMMA Investing LLC now owns 472 shares of the business services provider’s stock worth $39,000 after buying an additional 138 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in ICF International by 73.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 336 shares of the business services provider’s stock worth $28,000 after buying an additional 142 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in ICF International in the 2nd quarter worth about $3,881,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

ICFI has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 7th. Weiss Ratings raised shares of ICF International from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Barrington Research set a $110.00 target price on shares of ICF International in a report on Friday, August 14th. Finally, Truist Financial upped their target price on shares of ICF International from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

About ICF International

ICF International, Inc. is a consulting and technology services company headquartered in Reston, Virginia. Founded in 1969 as the Inner City Fund, the company works with government agencies and commercial clients, combining advisory services with technology implementation and digital solutions. Its work spans energy and climate, environmental management, health, social programs, and disaster recovery. ICF also provides policy research, data analytics, program management, strategic communications, and technology services, including support for digital transformation and cybersecurity initiatives.