ICF International, Inc. (NASDAQ:ICFI) Sees Significant Decline in Short Interest

ICF International, Inc. (NASDAQ:ICFI) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 333,900 shares, a decrease of 21.9% from the July 31st total of 427,700 shares. Based on an average daily volume of 179,800 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.8% of the company’s stock are short sold. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 179,800 shares, the days-to-cover ratio is currently 1.9 days.

Analysts Set New Price Targets

Separately, Barrington Research upped their target price on ICF International from $102.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.20.

ICF International Stock Up 0.8%

Shares of NASDAQ:ICFI opened at $96.23 on Wednesday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 16.74 and a beta of 0.51. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. ICF International has a 12-month low of $75.91 and a 12-month high of $179.67. The business’s 50 day moving average is $91.82 and its 200 day moving average is $87.61.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, July 31st. The business services provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.03. The company had revenue of $476.16 million for the quarter, compared to analysts’ expectations of $482.84 million. ICF International had a return on equity of 14.50% and a net margin of 5.45%.ICF International’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 earnings per share. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. On average, sell-side analysts forecast that ICF International will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 5th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.56 annualized dividend and a dividend yield of 0.6%. ICF International’s dividend payout ratio (DPR) is currently 9.74%.

Institutional Investors Weigh In On ICF International

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of ICF International by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 454,451 shares of the business services provider’s stock valued at $38,502,000 after purchasing an additional 2,786 shares during the last quarter. Tributary Capital Management LLC increased its position in shares of ICF International by 5.1% during the 1st quarter. Tributary Capital Management LLC now owns 222,711 shares of the business services provider’s stock valued at $18,924,000 after purchasing an additional 10,848 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of ICF International by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,896 shares of the business services provider’s stock valued at $7,276,000 after purchasing an additional 3,906 shares during the last quarter. Argent Capital Management LLC lifted its stake in ICF International by 26.4% in the second quarter. Argent Capital Management LLC now owns 47,946 shares of the business services provider’s stock valued at $4,062,000 after purchasing an additional 10,028 shares during the last quarter. Finally, Third Avenue Management LLC lifted its stake in ICF International by 6.4% in the first quarter. Third Avenue Management LLC now owns 47,024 shares of the business services provider’s stock valued at $3,996,000 after purchasing an additional 2,836 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Company Profile

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.