Insider Selling: ICF International, Inc. (NASDAQ:ICFI) COO Sells 626 Shares of Stock
ICF International, Inc. (NASDAQ:ICFI) COO John Wasson sold 626 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $47.50, for a total transaction of $29,735.00. Following the completion of the sale, the chief operating officer now directly owns 54,160 shares in the company, valued at $2,572,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of ICF International, Inc. (NASDAQ:ICFI) traded down 0.84% during mid-day trading on Thursday, hitting $47.10. 51,249 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $46.61 and a 200-day moving average price of $46.90. ICF International, Inc. has a 52 week low of $39.25 and a 52 week high of $59.55. The company has a market capitalization of $885.43 million, a price-to-earnings ratio of 19.55 and a beta of 0.83.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. The company had revenue of $296.30 million during the quarter, compared to analysts’ expectations of $293.28 million. ICF International had a return on equity of 10.32% and a net margin of 3.91%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. On average, equities analysts anticipate that ICF International, Inc. will post $3.00 EPS for the current year.
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Several analysts recently issued reports on ICFI shares. Noble Financial reaffirmed a “hold” rating on shares of ICF International in a report on Sunday, May 7th. Zacks Investment Research raised shares of ICF International from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Barrington Research increased their target price on shares of ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 18th. Finally, BidaskClub cut shares of ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.50.
Several hedge funds and other institutional investors have recently modified their holdings of ICFI. SG Americas Securities LLC increased its position in shares of ICF International by 90.3% in the first quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock valued at $187,000 after buying an additional 2,153 shares during the last quarter. Airain ltd purchased a new stake in shares of ICF International during the first quarter valued at $235,000. Marshall Wace North America L.P. purchased a new stake in shares of ICF International during the first quarter valued at $309,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of ICF International during the first quarter valued at $309,000. Finally, Americafirst Capital Management LLC purchased a new stake in shares of ICF International during the first quarter valued at $384,000. 90.19% of the stock is owned by institutional investors.
ICF International Company Profile
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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