ICF International (NASDAQ:ICFI) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

ICF International, Inc. (NASDAQ:ICFI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.90 and traded as high as $97.80. ICF International shares last traded at $96.92, with a volume of 150,545 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of ICF International in a research report on Monday, December 29th. Truist Financial lifted their price objective on shares of ICF International from $82.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday. Canaccord Genuity Group initiated coverage on shares of ICF International in a research report on Tuesday, December 2nd. They set a “buy” rating and a $115.00 target price on the stock. Finally, Barrington Research dropped their price target on shares of ICF International from $107.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, ICF International has an average rating of “Moderate Buy” and a consensus target price of $102.33.

ICF International Price Performance

The firm has a market cap of $1.79 billion, a P/E ratio of 18.29 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 company’s 50-day moving average is $84.45 and its two-hundred day moving average is $88.90.

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

ICF International Announces Dividend

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

Insider Buying and Selling at ICF International

In other ICF International news, Director Randall Mehl purchased 500 shares of the firm’s stock in a transaction dated 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 owned 20,474 shares in the company, valued at approximately $1,576,498. This trade represents a 2.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.48% of the company’s stock.

Institutional Trading of ICF International

Several institutional investors and hedge funds have recently modified their holdings of ICFI. EverSource Wealth Advisors LLC grew its position in ICF International by 38.9% in the third quarter. EverSource Wealth Advisors LLC now owns 586 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 164 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of ICF International by 7.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,278 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 307 shares in the last quarter. Trust Point Inc. grew its holdings in shares of ICF International by 8.6% during the 4th quarter. Trust Point Inc. now owns 5,198 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 411 shares during the last quarter. Zions Bancorporation National Association UT grew its holdings in shares of ICF International by 7.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 21,063 shares of the business services provider’s stock valued at $1,784,000 after purchasing an additional 1,393 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in ICF International by 37.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,902 shares of the business services provider’s stock worth $641,000 after purchasing an additional 1,880 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

ICF International Company Profile

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.