James C. M. Morgan Sells 5,104 Shares of ICF International Inc. (ICFI) Stock
ICF International Inc. (NASDAQ:ICFI) CFO James C. M. Morgan sold 5,104 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $55.00, for a total value of $280,720.00. Following the completion of the transaction, the chief financial officer now owns 10,980 shares in the company, valued at approximately $603,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
ICF International Inc. (NASDAQ:ICFI) traded up 0.18% during midday trading on Monday, hitting $54.65. The company’s stock had a trading volume of 147,818 shares. The firm has a market cap of $1.04 billion, a P/E ratio of 23.75 and a beta of 0.90. The company’s 50 day moving average price is $48.07 and its 200 day moving average price is $43.20. ICF International Inc. has a 12 month low of $31.26 and a 12 month high of $55.40.
ICF International (NASDAQ:ICFI) last announced its earnings results on Tuesday, November 1st. The company reported $0.81 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.81. ICF International had a net margin of 3.78% and a return on equity of 10.23%. The business earned $306.52 million during the quarter, compared to the consensus estimate of $302.02 million. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that ICF International Inc. will post $2.92 EPS for the current year.
ICFI has been the topic of several research analyst reports. Zacks Investment Research downgraded ICF International from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Stifel Nicolaus upped their price objective on ICF International from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $52.00.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of ICF International during the third quarter valued at $168,000. UBS Asset Management Americas Inc. purchased a new stake in shares of ICF International during the second quarter valued at $221,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of ICF International during the second quarter valued at $250,000. Citadel Advisors LLC purchased a new stake in shares of ICF International during the third quarter valued at $341,000. Finally, Panagora Asset Management Inc. increased its stake in shares of ICF International by 304.9% in the second quarter. Panagora Asset Management Inc. now owns 7,888 shares of the company’s stock valued at $323,000 after buying an additional 5,940 shares during the period. 92.77% of the stock is owned by institutional investors and hedge funds.
ICF International Company Profile
ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.
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