Zacks Investment Research downgraded shares of ICF International, Inc. (NASDAQ:ICFI) from a buy rating to a hold rating in a report issued on Tuesday morning.
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 analysts also recently issued reports on the company. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $62.00 price target on shares of ICF International in a report on Friday, September 22nd. BidaskClub downgraded ICF International from a sell rating to a strong sell rating in a report on Saturday, August 26th. Finally, Noble Financial reaffirmed a hold rating on shares of ICF International in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $61.00.
ICF International (ICFI) traded up 0.36% during mid-day trading on Tuesday, hitting $55.70. 8,952 shares of the stock were exchanged. The company has a 50 day moving average of $50.99 and a 200 day moving average of $46.78. ICF International has a 12-month low of $40.20 and a 12-month high of $59.55. The firm has a market cap of $1.04 billion, a P/E ratio of 22.37 and a beta of 0.89.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.73. The firm had revenue of $306.39 million during the quarter, compared to the consensus estimate of $309.15 million. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. On average, equities analysts anticipate that ICF International will post $2.99 earnings per share for the current fiscal year.
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In other news, insider James C. M. Morgan sold 4,696 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $55.00, for a total value of $258,280.00. Following the completion of the sale, the insider now directly owns 22,479 shares of the company’s stock, valued at $1,236,345. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Wasson sold 626 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $47.50, for a total value of $29,735.00. Following the completion of the sale, the chief operating officer now directly owns 54,160 shares of the company’s stock, valued at $2,572,600. The disclosure for this sale can be found here. Insiders sold 65,116 shares of company stock valued at $3,305,286 over the last ninety days. 5.48% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of ICFI. Bank of New York Mellon Corp boosted its holdings in shares of ICF International by 58.7% in the first quarter. Bank of New York Mellon Corp now owns 158,223 shares of the business services provider’s stock valued at $6,535,000 after acquiring an additional 58,498 shares during the period. Karp Capital Management Corp acquired a new stake in shares of ICF International in the first quarter valued at approximately $583,000. SG Americas Securities LLC boosted its holdings 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 acquiring an additional 2,153 shares during the period. American International Group Inc. boosted its holdings in shares of ICF International by 7.1% in the first quarter. American International Group Inc. now owns 11,116 shares of the business services provider’s stock valued at $459,000 after acquiring an additional 735 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of ICF International in the first quarter valued at approximately $437,000. 90.28% of the stock is owned by institutional investors and hedge funds.
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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