Wells Fargo & Co Increases ICF International (ICFI) Price Target to $61.00
ICF International (NASDAQ:ICFI) had its price target raised by Wells Fargo & Co from $58.00 to $61.00 in a research report report published on Wednesday. The firm currently has a market perform rating on the business services provider’s stock.
Several other equities research analysts have also recently weighed in on the company. BidaskClub cut ICF International from a buy rating to a hold rating in a report on Thursday, December 7th. Noble Financial restated a hold rating on shares of ICF International in a report on Tuesday, November 7th. ValuEngine cut ICF International from a buy rating to a hold rating in a report on Saturday, November 4th. Finally, Zacks Investment Research cut ICF International from a buy rating to a hold rating in a report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $63.25.
Shares of ICF International (NASDAQ:ICFI) opened at $59.85 on Wednesday. The firm has a market capitalization of $1,110.00, a PE ratio of 18.30, a P/E/G ratio of 1.62 and a beta of 0.76. ICF International has a fifty-two week low of $40.20 and a fifty-two week high of $60.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.39.
The firm also recently disclosed 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 of this dividend is Wednesday, March 28th.
In other ICF International news, CEO Sudhakar Kesavan sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $58.00, for a total value of $1,740,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.48% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in ICF International by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 174,082 shares of the business services provider’s stock worth $9,138,000 after buying an additional 1,836 shares during the period. California Public Employees Retirement System lifted its holdings in ICF International by 8.3% in the 3rd quarter. California Public Employees Retirement System now owns 29,465 shares of the business services provider’s stock worth $1,590,000 after buying an additional 2,265 shares during the period. First Quadrant L P CA lifted its holdings in ICF International by 23.2% in the 3rd quarter. First Quadrant L P CA now owns 13,201 shares of the business services provider’s stock worth $712,000 after buying an additional 2,483 shares during the period. Mutual of America Capital Management LLC lifted its holdings in ICF International by 5.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 53,914 shares of the business services provider’s stock worth $2,830,000 after buying an additional 2,936 shares during the period. Finally, Ramsey Quantitative Systems purchased a new stake in ICF International in the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 88.37% of the company’s stock.
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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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