ICF International, Inc. (NASDAQ:ICFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions. “

Other analysts have also issued research reports about the stock. Noble Financial reissued a “hold” rating on shares of ICF International in a research report on Thursday, August 3rd. Barrington Research boosted their price objective on shares of ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 18th. Finally, BidaskClub lowered shares of ICF International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $57.33.

ICF International (NASDAQ ICFI) opened at 45.75 on Tuesday. ICF International has a 1-year low of $39.25 and a 1-year high of $59.55. The firm has a market cap of $856.30 million, a price-to-earnings ratio of 18.37 and a beta of 0.81. The firm has a 50-day moving average of $46.20 and a 200 day moving average of $46.32.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.73 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.73. The business had revenue of $306.39 million for the quarter, compared to analyst estimates of $309.15 million. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Analysts expect that ICF International will post $3.01 earnings per share for the current fiscal year.

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In other news, COO John Wasson sold 626 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $47.50, for a total value of $29,735.00. Following the sale, the chief operating officer now owns 54,160 shares of the company’s stock, valued at $2,572,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.48% of the company’s stock.

A number of institutional investors have recently modified their holdings of ICFI. Alambic Investment Management L.P. purchased a new position in shares of ICF International during the first quarter worth $665,000. Airain ltd purchased a new position in shares of ICF International during the first quarter worth $235,000. Pax World Management LLC increased its position in shares of ICF International by 21.1% in the first quarter. Pax World Management LLC now owns 114,793 shares of the business services provider’s stock worth $4,741,000 after buying an additional 20,000 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of ICF International during the first quarter worth $583,000. Finally, Bank of New York Mellon Corp increased its position in shares of ICF International by 58.7% in the first quarter. Bank of New York Mellon Corp now owns 158,223 shares of the business services provider’s stock worth $6,535,000 after buying an additional 58,498 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

ICF International Company Profile

ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.

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