ICF International, Inc. (NASDAQ:ICFI) Short Interest Update

ICF International, Inc. (NASDAQ:ICFI) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 227,100 shares, a decline of 15.5% from the March 15th total of 268,700 shares. Based on an average daily volume of 95,700 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.2% of the company’s shares are sold short.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barrington Research lifted their target price on ICF International from $145.00 to $173.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Truist Financial lifted their target price on ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $170.00 price target on shares of ICF International in a research report on Tuesday, February 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.75.

ICF International Stock Up 0.4 %

NASDAQ:ICFI traded up $0.54 during mid-day trading on Tuesday, hitting $140.76. 67,743 shares of the company’s stock traded hands, compared to its average volume of 94,877. The company has a fifty day moving average of $149.92 and a 200 day moving average of $138.47. ICF International has a twelve month low of $105.18 and a twelve month high of $158.00. The company has a market capitalization of $2.64 billion, a P/E ratio of 32.23 and a beta of 0.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07.

ICF International (NASDAQ:ICFI) last announced its earnings results on Tuesday, February 27th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.04. ICF International had a return on equity of 13.94% and a net margin of 4.21%. The company had revenue of $478.35 million for the quarter, compared to analyst estimates of $480.75 million. During the same period in the prior year, the company posted $1.56 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts forecast that ICF International will post 6.77 EPS for the current year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 22nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.40%. The ex-dividend date was Thursday, March 21st. ICF International’s dividend payout ratio is currently 12.87%.

Insider Transactions at ICF International

In other news, insider James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $137.55, for a total value of $343,875.00. Following the completion of the transaction, the insider now owns 42,314 shares in the company, valued at approximately $5,820,290.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO James C. M. Morgan sold 2,400 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total transaction of $372,408.00. Following the completion of the transaction, the chief operating officer now owns 39,814 shares in the company, valued at approximately $6,177,938.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $137.55, for a total value of $343,875.00. Following the transaction, the insider now owns 42,314 shares of the company’s stock, valued at approximately $5,820,290.70. The disclosure for this sale can be found here. Company insiders own 1.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Trust Point Inc. purchased a new stake in ICF International during the 4th quarter valued at about $995,000. Handelsbanken Fonder AB boosted its stake in shares of ICF International by 29.8% in the third quarter. Handelsbanken Fonder AB now owns 3,822 shares of the business services provider’s stock worth $462,000 after buying an additional 878 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in shares of ICF International by 17.1% in the third quarter. Congress Asset Management Co. MA now owns 258,384 shares of the business services provider’s stock worth $31,215,000 after buying an additional 37,728 shares during the last quarter. Strs Ohio boosted its stake in shares of ICF International by 0.4% in the third quarter. Strs Ohio now owns 47,716 shares of the business services provider’s stock worth $5,764,000 after buying an additional 200 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC boosted its stake in shares of ICF International by 63.9% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 336,005 shares of the business services provider’s stock worth $40,593,000 after buying an additional 130,995 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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.