Key Points
- ICF International insider James Morgan sold 3,000 shares at an average price of $84.32, for $252,960. He retained 46,683 shares after the sale, a 6.04% reduction in his position.
- Latest quarterly earnings were $1.98 per share, beating estimates of $1.92, while revenue of $470.5 million fell short of forecasts. Revenue increased 1.1% year over year.
- ICF declared a quarterly dividend of $0.14 per share, equivalent to $0.56 annually and a 0.7% yield. Analysts’ average rating was “Moderate Buy,” with an average price target of $105.
ICF International, Inc. (NASDAQ:ICFI - Get Free Report) insider James Morgan sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $84.32, for a total transaction of $252,960.00. Following the sale, the insider directly owned 46,683 shares in the company, valued at $3,936,310.56. The trade was a 6.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
ICF International Price Performance
NASDAQ:ICFI opened at $82.22 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 15.48 and a beta of 0.45. The company has a 50 day moving average price of $87.77 and a 200-day moving average price of $78.74. ICF International, Inc. has a 1-year low of $58.83 and a 1-year high of $100.63.
ICF International (NASDAQ:ICFI - Get Free Report) last posted its earnings results on Thursday, November 5th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.06. ICF International had a net margin of 5.29% and a return on equity of 11.81%. The firm had revenue of $470.50 million during the quarter, compared to analysts' expectations of $490.83 million. During the same period in the previous year, the business posted $1.67 EPS. The business's revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that ICF International, Inc. will post 7.09 EPS for the current year.
ICF International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Friday, December 4th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. ICF International's payout ratio is presently 10.55%.
Institutional Trading of ICF International
Institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in shares of ICF International during the third quarter worth about $25,000. Nisa Investment Advisors LLC raised its position in shares of ICF International by 11.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the business services provider's stock worth $136,000 after purchasing an additional 162 shares during the last quarter. GAMMA Investing LLC lifted its stake in ICF International by 41.3% in the 3rd quarter. GAMMA Investing LLC now owns 472 shares of the business services provider's stock valued at $39,000 after buying an additional 138 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in ICF International by 73.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 336 shares of the business services provider's stock valued at $28,000 after buying an additional 142 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in ICF International in the 2nd quarter valued at about $3,881,000. Institutional investors and hedge funds own 94.12% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of ICF International from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Monday. Weiss Ratings raised shares of ICF International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 2nd. Wall Street Zen cut ICF International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 7th. Finally, Barrington Research set a $110.00 target price on ICF International in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $105.00.
Read Our Latest Stock Report on ICFI
About ICF International
(
Get Free Report)
ICF International, Inc. is a consulting and technology services company headquartered in Reston, Virginia. Founded in 1969 as the Inner City Fund, the company works with government agencies and commercial clients, combining advisory services with technology implementation and digital solutions. Its work spans energy and climate, environmental management, health, social programs, and disaster recovery. ICF also provides policy research, data analytics, program management, strategic communications, and technology services, including support for digital transformation and cybersecurity initiatives.
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