ICF International (NASDAQ:ICFI) Upgraded by BidaskClub to “Strong-Buy”
ICFI has been the subject of several other reports. Zacks Investment Research downgraded shares of ICF International from a buy rating to a hold rating and set a $88.00 price objective for the company. in a report on Tuesday, August 20th. William Blair reissued a market perform rating on shares of ICF International in a report on Thursday, November 7th. Sidoti increased their target price on ICF International from $96.00 to $99.00 and gave the stock a buy rating in a research report on Thursday, September 19th. Barrington Research reaffirmed an outperform rating and issued a $98.00 price target (up from $89.00) on shares of ICF International in a report on Friday, November 8th. Finally, ValuEngine lowered ICF International from a buy rating to a hold rating in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $92.33.
Shares of ICF International stock opened at $92.81 on Friday. The stock has a market capitalization of $1.75 billion, a P/E ratio of 24.88, a P/E/G ratio of 2.21 and a beta of 0.59. ICF International has a 52-week low of $60.22 and a 52-week high of $93.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.51 and a current ratio of 1.51. The stock’s 50-day simple moving average is $86.06 and its 200 day simple moving average is $80.73.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, December 13th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, December 12th. ICF International’s payout ratio is 15.01%.
In other news, insider James C. M. Morgan sold 3,144 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $87.00, for a total value of $273,528.00. Following the transaction, the insider now owns 40,716 shares of the company’s stock, valued at $3,542,292. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Sudhakar Kesavan sold 30,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $88.50, for a total transaction of $2,655,000.00. Following the completion of the transaction, the chairman now directly owns 213,498 shares in the company, valued at approximately $18,894,573. The disclosure for this sale can be found here. 4.42% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. FTB Advisors Inc. increased its stake in ICF International by 106.6% in the 3rd quarter. FTB Advisors Inc. now owns 566 shares of the business services provider’s stock worth $47,000 after acquiring an additional 292 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of ICF International by 94.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 687 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 334 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of ICF International in the 2nd quarter valued at about $246,000. Dupont Capital Management Corp purchased a new stake in shares of ICF International in the 2nd quarter valued at about $639,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of ICF International by 6.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 11,867 shares of the business services provider’s stock valued at $864,000 after acquiring an additional 766 shares during the last quarter. Institutional investors and hedge funds own 95.94% of the company’s stock.
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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