BidaskClub cut shares of ICF International, Inc. (NASDAQ:ICFI) from a sell rating to a strong sell rating in a report issued on Saturday morning.

Several other equities analysts have also recently weighed in on ICFI. Zacks Investment Research raised ICF International from a sell rating to a hold rating in a report on Wednesday, May 3rd. Noble Financial reaffirmed a hold rating on shares of ICF International in a report on Sunday, May 7th. Finally, Barrington Research lifted their price objective on ICF International from $49.00 to $55.00 and gave the company an outperform rating in a report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $57.33.

ICF International (NASDAQ:ICFI) opened at 44.30 on Friday. The firm has a market cap of $829.92 million, a P/E ratio of 17.79 and a beta of 0.81. The firm has a 50-day moving average of $45.58 and a 200-day moving average of $45.48. ICF International has a 12-month low of $40.20 and a 12-month high of $59.55.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $306.39 million during the quarter, compared to analysts’ expectations of $309.15 million. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. On average, analysts expect that ICF International will post $2.99 EPS for the current year.

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In other ICF International news, COO John Wasson sold 12,461 shares of ICF International stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $47.50, for a total value of $591,897.50. Following the completion of the transaction, the chief operating officer now directly owns 65,995 shares of the company’s stock, valued at approximately $3,134,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.48% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of ICF International during the fourth quarter valued at $4,687,000. Teachers Advisors LLC boosted its position in ICF International by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 33,330 shares of the business services provider’s stock worth $1,840,000 after buying an additional 4,332 shares during the period. Investment Counselors of Maryland LLC boosted its position in ICF International by 2.2% in the first quarter. Investment Counselors of Maryland LLC now owns 353,379 shares of the business services provider’s stock worth $14,595,000 after buying an additional 7,600 shares during the period. Tocqueville Asset Management L.P. boosted its position in ICF International by 6.8% in the first quarter. Tocqueville Asset Management L.P. now owns 112,281 shares of the business services provider’s stock worth $4,637,000 after buying an additional 7,192 shares during the period. Finally, LSV Asset Management boosted its position in ICF International by 67.9% in the first quarter. LSV Asset Management now owns 9,400 shares of the business services provider’s stock worth $388,000 after buying an additional 3,800 shares during the period. 90.26% of the stock is owned by hedge funds and other institutional investors.

About ICF International

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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