ICF International Inc. (ICFI) Sees Large Volume Increase
ICF International Inc. (NASDAQ:ICFI) saw unusually-high trading volume on Friday . Approximately 92,262 shares traded hands during trading, an increase of 11% from the previous session’s volume of 83,404 shares.The stock last traded at $40.09 and had previously closed at $40.70.
ICFI has been the topic of several analyst reports. Barrington Research upgraded ICF International from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Monday, May 9th. Stifel Nicolaus reiterated a “buy” rating and set a $49.00 target price (up from $47.00) on shares of ICF International in a research report on Friday, May 6th. Finally, Zacks Investment Research upgraded ICF International from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.00.
The company’s 50 day moving average price is $40.96 and its 200-day moving average price is $37.67. The firm has a market cap of $766.66 million and a price-to-earnings ratio of 18.35.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. During the same period in the previous year, the company posted $0.63 earnings per share. The business had revenue of $305.40 million for the quarter, compared to analyst estimates of $294.06 million. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts predict that ICF International Inc. will post $2.88 EPS for the current year.
In other news, CEO Sudhakar Kesavan sold 9,634 shares of the company’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $41.00, for a total transaction of $394,994.00. Following the transaction, the chief executive officer now directly owns 152,364 shares of the company’s stock, valued at $6,246,924. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Phillip Eck sold 800 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $40.10, for a total value of $32,080.00. Following the transaction, the vice president now directly owns 1,582 shares in the company, valued at $63,438.20. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in ICF International stock. California State Teachers Retirement System boosted its stake in shares of ICF International Inc. (NASDAQ:ICFI) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,188 shares of the company’s stock after buying an additional 628 shares during the period. California State Teachers Retirement System owned approximately 0.19% of ICF International worth $1,287,000 at the end of the most recent quarter.
ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.
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