ICF International, Inc. (NASDAQ:ICFI) Director Scott B. Salmirs Acquires 1,250 Shares

ICF International, Inc. (NASDAQ:ICFI) Director Scott B. Salmirs acquired 1,250 shares of the business’s stock in a transaction on Friday, June 6th. The stock was acquired at an average cost of $83.98 per share, with a total value of $104,975.00. Following the acquisition, the director now directly owns 7,653 shares in the company, valued at approximately $642,698.94. This trade represents a 19.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

ICF International Trading Up 2.3%

NASDAQ ICFI traded up $1.94 on Tuesday, hitting $85.76. The company’s stock had a trading volume of 93,998 shares, compared to its average volume of 197,674. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67. The company’s 50-day moving average is $84.43 and its 200 day moving average is $102.09. The firm has a market cap of $1.58 billion, a PE ratio of 15.08 and a beta of 0.51.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $487.62 million during the quarter, compared to analysts’ expectations of $487.28 million. During the same period in the prior year, the company posted $1.77 EPS. The company’s revenue was down 1.4% on a year-over-year basis. As a group, analysts predict that ICF International, Inc. will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Friday, June 6th. ICF International’s dividend payout ratio (DPR) is currently 9.61%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Truist Financial cut their price objective on shares of ICF International from $97.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 14th. Canaccord Genuity Group dropped their target price on shares of ICF International from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. Barrington Research dropped their target price on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, Wall Street Zen cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, ICF International presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.20.

Institutional Investors Weigh In On ICF International

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of ICF International by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 339 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in ICF International during the fourth quarter worth $149,000. Cibc World Markets Corp bought a new position in ICF International during the fourth quarter worth $208,000. Ethic Inc. bought a new position in ICF International during the fourth quarter worth $292,000. Finally, Millstone Evans Group LLC bought a new position in ICF International during the fourth quarter worth $447,000. 94.12% of the stock is owned by institutional investors.

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.