ICF (NASDAQ:ICFI) reached a new 52-week high and low during trading on Thursday . The company traded as low as $64.20 and last traded at $64.00, with a volume of 89815 shares changing hands. The stock had previously closed at $62.35.
A number of equities research analysts recently commented on the company. BidaskClub upgraded ICF from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine upgraded ICF from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Cowen started coverage on ICF in a report on Wednesday, March 28th. They issued a “market perform” rating and a $65.00 price target for the company. Barrington Research restated an “outperform” rating and issued a $67.00 price target (up from $65.00) on shares of ICF in a report on Thursday, March 1st. Finally, Wells Fargo increased their price target on ICF from $58.00 to $61.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. ICF currently has an average rating of “Buy” and a consensus price target of $63.60.
The firm has a market capitalization of $1,161.01, a PE ratio of 21.11, a PEG ratio of 1.68 and a beta of 0.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.48.
ICF (NASDAQ:ICFI) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. ICF had a return on equity of 9.95% and a net margin of 5.12%. The company had revenue of $321.17 million during the quarter, compared to the consensus estimate of $307.52 million. equities analysts forecast that ICF will post 3.71 EPS for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, March 28th. ICF’s dividend payout ratio (DPR) is currently 4.64%.
In related news, CEO Sudhakar Kesavan sold 16,280 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $60.00, for a total transaction of $976,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Wasson sold 12,982 shares of the stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $62.50, for a total value of $811,375.00. Following the transaction, the chief operating officer now owns 71,605 shares of the company’s stock, valued at $4,475,312.50. The disclosure for this sale can be found here. Insiders sold 74,246 shares of company stock valued at $4,427,215 over the last 90 days. Corporate insiders own 5.48% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Ramsey Quantitative Systems bought a new position in shares of ICF during the fourth quarter worth about $207,000. MetLife Investment Advisors LLC bought a new position in shares of ICF during the fourth quarter worth about $466,000. California Public Employees Retirement System boosted its position in ICF by 8.3% during the third quarter. California Public Employees Retirement System now owns 29,465 shares of the business services provider’s stock valued at $1,590,000 after purchasing an additional 2,265 shares during the last quarter. Nationwide Fund Advisors boosted its position in ICF by 41.8% during the third quarter. Nationwide Fund Advisors now owns 36,703 shares of the business services provider’s stock valued at $1,980,000 after purchasing an additional 10,825 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in ICF by 2,973.7% during the third quarter. Public Employees Retirement System of Ohio now owns 50,685 shares of the business services provider’s stock valued at $2,734,000 after purchasing an additional 49,036 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.
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ICF Company Profile
ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and 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, market, business, communication, and technology challenges.
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