ICF International (NASDAQ:ICFI) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a research note released on Friday.

A number of other equities research analysts also recently weighed in on the stock. Barrington Research lowered their target price on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Canaccord Genuity Group reissued a “hold” rating and set a $100.00 price objective (down from $200.00) on shares of ICF International in a report on Friday, February 28th. Finally, Truist Financial decreased their price target on shares of ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.20.

ICF International Stock Down 6.4 %

ICFI stock opened at $79.86 on Friday. The stock has a 50-day simple moving average of $84.70 and a two-hundred day simple moving average of $115.86. ICF International has a twelve month low of $75.91 and a twelve month high of $179.67. The firm has a market capitalization of $1.47 billion, a PE ratio of 14.04 and a beta of 0.49. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI) last posted its earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $487.62 million for the quarter, compared to analyst estimates of $487.28 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 EPS. On average, equities analysts predict that ICF International will post 7.44 EPS for the current fiscal year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, June 6th. ICF International’s dividend payout ratio is currently 9.61%.

Institutional Trading of ICF International

Several institutional investors and hedge funds have recently bought and sold shares of ICFI. Torray Investment Partners LLC lifted its stake in shares of ICF International by 1.2% in the 4th quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider’s stock valued at $1,562,000 after purchasing an additional 152 shares during the period. Russell Investments Group Ltd. grew its position in shares of ICF International by 1.0% in the 4th quarter. Russell Investments Group Ltd. now owns 21,065 shares of the business services provider’s stock worth $2,511,000 after buying an additional 218 shares during the period. SG Americas Securities LLC increased its stake in shares of ICF International by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after acquiring an additional 339 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in ICF International by 8.3% during the fourth quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider’s stock worth $623,000 after acquiring an additional 400 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in ICF International by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider’s stock worth $1,358,000 after purchasing an additional 626 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

About ICF International

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.