ICF International, Inc. (NASDAQ:ICFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions. “

A number of other brokerages have also weighed in on ICFI. Noble Financial restated a “hold” rating on shares of ICF International in a research note on Thursday, August 3rd. BidaskClub lowered ICF International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Barrington Research raised their target price on ICF International from $49.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.33.

ICF International (ICFI) traded down 0.99% during trading on Tuesday, hitting $44.95. 85,146 shares of the stock traded hands. The stock has a market cap of $841.33 million, a PE ratio of 18.05 and a beta of 0.81. The company has a 50-day moving average price of $46.20 and a 200 day moving average price of $46.32. ICF International has a one year low of $39.25 and a one year high of $59.55.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The firm had revenue of $306.39 million during the quarter, compared to analyst estimates of $309.15 million. During the same period in the prior year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that ICF International will post $3.01 earnings per share for the current year.

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In other news, COO John Wasson sold 626 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $47.50, for a total value of $29,735.00. Following the completion of the sale, the chief operating officer now directly owns 54,160 shares in the company, valued at $2,572,600. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.48% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Alambic Investment Management L.P. purchased a new stake in shares of ICF International during the first quarter worth approximately $665,000. Airain ltd purchased a new stake in shares of ICF International during the first quarter worth approximately $235,000. Pax World Management LLC raised its stake in shares of ICF International by 21.1% in the first quarter. Pax World Management LLC now owns 114,793 shares of the business services provider’s stock worth $4,741,000 after buying an additional 20,000 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of ICF International during the first quarter worth approximately $583,000. Finally, Bank of New York Mellon Corp raised its stake in shares of ICF International by 58.7% in the first quarter. Bank of New York Mellon Corp now owns 158,223 shares of the business services provider’s stock worth $6,535,000 after buying an additional 58,498 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

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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