ICF International, Inc. (NASDAQ:ICFI) Sees Large Drop in Short Interest

ICF International, Inc. (NASDAQ:ICFI) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 227,100 shares, a decrease of 15.5% from the March 15th total of 268,700 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 95,700 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ICFI shares. Canaccord Genuity Group restated a “buy” rating and set a $170.00 price target on shares of ICF International in a report on Tuesday, February 20th. Barrington Research upped their price target on shares of ICF International from $145.00 to $173.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Truist Financial upped their price target on shares of ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.75.

ICF International Stock Down 2.4 %

ICFI stock opened at $140.22 on Tuesday. The company has a 50-day moving average of $149.92 and a two-hundred day moving average of $138.47. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 32.23 and a beta of 0.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07. ICF International has a 52-week low of $105.18 and a 52-week high of $158.00.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.04. The business had revenue of $478.35 million during the quarter, compared to analyst estimates of $480.75 million. ICF International had a net margin of 4.21% and a return on equity of 13.94%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. As a group, equities research analysts anticipate that ICF International will post 6.77 EPS for the current year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Thursday, March 21st. ICF International’s dividend payout ratio is currently 12.87%.

Insider Buying and Selling

In related news, COO James C. M. Morgan sold 2,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $155.17, for a total value of $372,408.00. Following the completion of the sale, the chief operating officer now directly owns 39,814 shares in the company, valued at $6,177,938.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO James C. M. Morgan sold 2,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $155.17, for a total value of $372,408.00. Following the completion of the sale, the chief operating officer now directly owns 39,814 shares in the company, valued at $6,177,938.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $137.55, for a total transaction of $343,875.00. Following the completion of the sale, the insider now owns 42,314 shares of the company’s stock, valued at $5,820,290.70. The disclosure for this sale can be found here. 1.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in ICF International by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 104,566 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 665 shares in the last quarter. MetLife Investment Management LLC raised its position in ICF International by 42.3% in the first quarter. MetLife Investment Management LLC now owns 9,571 shares of the business services provider’s stock worth $901,000 after purchasing an additional 2,846 shares in the last quarter. Lord Abbett & CO. LLC raised its position in ICF International by 3.0% in the first quarter. Lord Abbett & CO. LLC now owns 153,474 shares of the business services provider’s stock worth $14,448,000 after purchasing an additional 4,452 shares in the last quarter. Zions Bancorporation N.A. raised its position in ICF International by 38.1% in the first quarter. Zions Bancorporation N.A. now owns 8,588 shares of the business services provider’s stock worth $808,000 after purchasing an additional 2,369 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in ICF International by 1.0% in the first quarter. Clearbridge Investments LLC now owns 153,662 shares of the business services provider’s stock worth $14,466,000 after purchasing an additional 1,473 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

About ICF International

ICF International, Inc provides management, 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, business, market, business, communication, and technology challenges.