ICF International (NASDAQ:ICFI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of ICF International (NASDAQ:ICFI – Get Rating) in a research note released on Thursday morning. The firm issued a buy rating on the business services provider’s stock.

Separately, Barrington Research raised their target price on shares of ICF International from $129.00 to $138.00 and gave the stock an outperform rating in a report on Monday, March 6th.

ICF International Stock Performance

ICFI stock traded down $1.82 on Thursday, hitting $106.72. The company had a trading volume of 120,915 shares, compared to its average volume of 107,491. ICF International has a 12-month low of $88.98 and a 12-month high of $121.28. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.64. The stock’s 50-day simple moving average is $103.81 and its 200 day simple moving average is $106.14. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 31.48 and a beta of 0.57.

ICF International (NASDAQ:ICFI – Get Rating) last issued its earnings results on Tuesday, February 28th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.07. ICF International had a net margin of 3.61% and a return on equity of 13.31%. The company had revenue of $475.60 million for the quarter, compared to analysts’ expectations of $472.27 million. During the same quarter last year, the company posted $1.19 earnings per share. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. As a group, equities research analysts expect that ICF International will post 6.3 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 24th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, March 23rd. ICF International’s dividend payout ratio is currently 16.52%.

Insider Transactions at ICF International

In other news, Director Srikant M. Datar sold 382 shares of ICF International stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $112.00, for a total transaction of $42,784.00. Following the transaction, the director now owns 2,807 shares in the company, valued at approximately $314,384. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ICFI. Martingale Asset Management L P raised its position in shares of ICF International by 4.1% during the 2nd quarter. Martingale Asset Management L P now owns 17,787 shares of the business services provider’s stock valued at $1,691,000 after purchasing an additional 700 shares during the period. Dark Forest Capital Management LP raised its position in shares of ICF International by 38.0% during the 2nd quarter. Dark Forest Capital Management LP now owns 2,118 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 583 shares during the period. Oberweis Asset Management Inc. raised its position in shares of ICF International by 19.4% during the 3rd quarter. Oberweis Asset Management Inc. now owns 29,500 shares of the business services provider’s stock valued at $3,216,000 after purchasing an additional 4,800 shares during the period. Congress Asset Management Co. MA raised its position in shares of ICF International by 11.3% during the 3rd quarter. Congress Asset Management Co. MA now owns 173,009 shares of the business services provider’s stock valued at $18,861,000 after purchasing an additional 17,634 shares during the period. Finally, Systematic Financial Management LP raised its position in shares of ICF International by 1.3% during the 3rd quarter. Systematic Financial Management LP now owns 394,726 shares of the business services provider’s stock valued at $43,033,000 after purchasing an additional 5,025 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About ICF International

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ICF International, Inc engages in the provision of professional services and technology-based solutions to government and commercial clients, including management, marketing, technology, and policy consulting and implementation services. The company was founded in 1969 and is headquartered in Reston, VA.