ICF International (NASDAQ:ICFI) Shares Pass Above 200-Day Moving Average – Here’s Why

ICF International, Inc. (NASDAQ:ICFI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $89.25 and traded as high as $98.03. ICF International shares last traded at $97.08, with a volume of 189,338 shares traded.

Analysts Set New Price Targets

ICFI has been the subject of a number of recent research reports. Canaccord Genuity Group began coverage on shares of ICF International in a report on Tuesday, December 2nd. They issued a “buy” rating and a $115.00 price objective for the company. Barrington Research decreased their target price on shares of ICF International from $107.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Truist Financial boosted their price target on shares of ICF International from $82.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of ICF International in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, ICF International presently has an average rating of “Moderate Buy” and an average target price of $102.33.

ICF International Price Performance

The firm has a market cap of $1.79 billion, a PE ratio of 18.32 and a beta of 0.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a 50-day simple moving average of $86.36 and a 200 day simple moving average of $89.25.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). ICF International had a return on equity of 13.40% and a net margin of 5.13%.The business had revenue of $465.41 million during the quarter, compared to analysts’ expectations of $485.10 million. During the same period in the prior year, the company earned $2.13 earnings per share. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. As a group, equities analysts expect that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 5th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, December 5th. ICF International’s dividend payout ratio (DPR) is presently 10.57%.

Insider Activity at ICF International

In related news, Director Randall Mehl purchased 500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of $77.00 per share, for a total transaction of $38,500.00. Following the purchase, the director directly owned 20,474 shares of the company’s stock, valued at approximately $1,576,498. This represents a 2.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in shares of ICF International by 2,121.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider’s stock worth $36,000 after purchasing an additional 403 shares during the last quarter. Captrust Financial Advisors bought a new stake in ICF International during the 2nd quarter valued at about $246,000. Anchor Investment Management LLC purchased a new position in ICF International in the second quarter worth about $249,000. Cornerstone Investment Partners LLC bought a new position in shares of ICF International in the second quarter worth approximately $270,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in shares of ICF International by 7.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,278 shares of the business services provider’s stock worth $362,000 after buying an additional 307 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

About ICF International

ICF International (NASDAQ: ICFI), commonly known as ICF, is a global consulting and digital services provider specializing in the intersection of strategy, technology, and policy. The firm delivers integrated services and solutions to government and commercial clients in areas such as energy and environment, health and social programs, transportation, infrastructure, technology, and marketing and communications. ICF’s offerings span strategic planning, data analytics, program evaluation, digital transformation, and implementation support.

Founded in 1969 and headquartered in Reston, Virginia, ICF has grown through both organic expansion and targeted acquisitions to broaden its capabilities and geographic reach.