Ellen Glover Sells 8,952 Shares of ICF International Inc. (ICFI) Stock
ICF International Inc. (NASDAQ:ICFI) EVP Ellen Glover sold 8,952 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $43.00, for a total value of $384,936.00. Following the completion of the sale, the executive vice president now owns 34,246 shares in the company, valued at $1,472,578. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of ICF International Inc. (NASDAQ:ICFI) opened at 43.94 on Thursday. The stock has a market capitalization of $833.63 million, a P/E ratio of 19.95 and a beta of 1.27. ICF International Inc. has a 12 month low of $29.19 and a 12 month high of $44.44. The firm’s 50-day moving average price is $41.91 and its 200-day moving average price is $39.46.
ICF International (NASDAQ:ICFI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. ICF International had a return on equity of 10.23% and a net margin of 3.67%. The firm had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $294.06 million. During the same period last year, the firm earned $0.63 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that ICF International Inc. will post $2.88 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Columbia Wanger Asset Management LLC acquired a new stake in ICF International during the second quarter worth approximately $21,211,000. Lord Abbett & CO. LLC boosted its stake in ICF International by 279.3% in the second quarter. Lord Abbett & CO. LLC now owns 353,752 shares of the company’s stock worth $14,468,000 after buying an additional 260,484 shares during the period. Emerald Acquisition Ltd. acquired a new stake in ICF International during the second quarter worth approximately $7,177,000. NWQ Investment Management Company LLC boosted its stake in ICF International by 22.3% in the first quarter. NWQ Investment Management Company LLC now owns 529,970 shares of the company’s stock worth $18,215,000 after buying an additional 96,570 shares during the period. Finally, Nicholas Co. Inc. WI acquired a new stake in ICF International during the second quarter worth approximately $3,537,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.
ICFI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded ICF International from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Tuesday. Stifel Nicolaus upped their price objective on ICF International from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $50.00.
About ICF International
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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