ICF International, Inc. (NASDAQ:ICFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions. “

A number of other equities research analysts have also recently issued reports on ICFI. Noble Financial reiterated a “hold” rating on shares of ICF International in a research note on Thursday, August 3rd. BidaskClub cut ICF International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Barrington Research upped their price objective on ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. ICF International currently has a consensus rating of “Hold” and an average price target of $57.33.

ICF International (NASDAQ ICFI) traded down 0.99% during trading on Tuesday, hitting $44.95. 85,146 shares of the stock were exchanged. The stock’s 50-day moving average price is $46.20 and its 200-day moving average price is $46.32. The firm has a market cap of $841.33 million, a PE ratio of 18.05 and a beta of 0.81. ICF International has a 12-month low of $39.25 and a 12-month high of $59.55.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The firm had revenue of $306.39 million during the quarter, compared to the consensus estimate of $309.15 million. During the same quarter in the prior year, the firm posted $0.69 EPS. The business’s revenue was up .3% on a year-over-year basis. On average, equities analysts expect that ICF International will post $3.01 EPS for the current year.

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In other news, COO John Wasson sold 626 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $47.50, for a total transaction of $29,735.00. Following the sale, the chief operating officer now owns 54,160 shares in the company, valued at approximately $2,572,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.48% of the company’s stock.

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake 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 worth $187,000 after buying an additional 2,153 shares in the last quarter. First Mercantile Trust Co. boosted its stake in shares of ICF International by 781.7% in the second quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock worth $249,000 after buying an additional 4,690 shares in the last quarter. Airain ltd bought a new stake in shares of ICF International during the first quarter worth about $235,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of ICF International during the first quarter worth about $309,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of ICF International during the first quarter worth about $309,000. Institutional investors own 90.17% of the company’s stock.

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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