ICF International, Inc. (NASDAQ:ICFI) had its target price boosted by Wells Fargo & Company from $54.00 to $58.00 in a research note published on Wednesday, October 25th. They currently have a market perform rating on the business services provider’s stock.
A number of other research analysts have also recently weighed in on the company. Zacks Investment Research cut ICF International from a buy rating to a hold rating in a research report on Tuesday, October 10th. SunTrust Banks, Inc. reissued a buy rating and issued a $62.00 price target on shares of ICF International in a report on Friday, September 22nd. BidaskClub cut ICF International from a sell rating to a strong sell rating in a report on Saturday, August 26th. Finally, Noble Financial reissued a hold rating on shares of ICF International in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. ICF International presently has an average rating of Hold and an average price target of $60.40.
ICF International (NASDAQ:ICFI) opened at $53.90 on Wednesday. ICF International has a 12-month low of $40.20 and a 12-month high of $59.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.83 and a current ratio of 1.57. The firm has a market capitalization of $1,004.80, a PE ratio of 17.91, a PEG ratio of 1.80 and a beta of 0.83.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. ICF International had a return on equity of 10.14% and a net margin of 4.05%. The firm had revenue of $305.30 million for the quarter, compared to analysts’ expectations of $311.49 million. During the same period in the previous year, the firm earned $0.81 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. sell-side analysts predict that ICF International will post 3 earnings per share for the current year.
In other news, insider Ellen Glover sold 5,631 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $50.00, for a total transaction of $281,550.00. Following the transaction, the insider now owns 33,354 shares of the company’s stock, valued at approximately $1,667,700. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James C. M. Morgan sold 4,696 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $55.00, for a total value of $258,280.00. Following the transaction, the insider now directly owns 22,479 shares in the company, valued at approximately $1,236,345. The disclosure for this sale can be found here. Insiders have sold a total of 52,029 shares of company stock worth $2,683,653 over the last ninety days. Insiders own 5.48% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of ICF International by 90.3% during the 1st quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 2,153 shares during the last quarter. Eqis Capital Management Inc. bought a new position in ICF International in the 3rd quarter valued at $214,000. First Mercantile Trust Co. grew its position in ICF International by 781.7% in the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock valued at $249,000 after acquiring an additional 4,690 shares during the last quarter. Marshall Wace North America L.P. bought a new position in ICF International in the 1st quarter valued at $309,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in ICF International in the 1st quarter valued at $309,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.
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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