ICF International (NASDAQ:ICFI) Insider James Morgan Sells 3,000 Shares of Stock

ICF International, Inc. (NASDAQ:ICFI) insider James Morgan sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The shares were 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 of the company’s stock, valued at $3,936,310.56. The trade was a 6.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

ICF International Price Performance

Shares of ICFI opened at $82.22 on Friday. The company has a 50 day moving average of $87.77 and a two-hundred day moving average of $78.74. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. ICF International, Inc. has a twelve month low of $58.83 and a twelve month high of $100.63. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 15.48 and a beta of 0.45.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, November 5th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.06. ICF International had a return on equity of 11.81% and a net margin of 5.29%. The business had revenue of $470.50 million for the quarter, compared to the consensus estimate of $490.83 million. During the same period in the prior year, the firm posted $1.67 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts predict that ICF International, Inc. will post 7.09 earnings per share for the current fiscal year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Friday, December 4th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 4th. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. ICF International’s dividend payout ratio (DPR) is 10.55%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded ICF International from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 7th. Truist Financial upped their price objective on shares of ICF International from $80.00 to $90.00 and gave the company a “hold” rating in a report on Monday. Weiss Ratings raised shares of ICF International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Finally, Barrington Research set a $110.00 price objective on shares of ICF International in a research report on Friday, August 14th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

Institutional Investors Weigh In On ICF International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in shares of ICF International in the 2nd quarter valued at about $1,227,000. Bank of America Corp DE purchased a new stake in shares of ICF International in the second quarter worth about $6,013,000. Public Employees Retirement System of Ohio purchased a new stake in shares of ICF International in the second quarter worth about $1,209,000. Ieq Capital LLC acquired a new stake in ICF International during the second quarter worth about $3,055,000. Finally, Deutsche Bank AG acquired a new stake in ICF International during the second quarter worth about $1,994,000. 94.12% of the stock is owned by institutional investors and hedge funds.

About ICF International

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.