ICF International (ICFI) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of ICF International (NASDAQ:ICFI) from a hold rating to a buy rating in a report published on Wednesday morning. They currently have $63.00 price target on the business services provider’s stock.
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. “
Several other equities analysts have also commented on ICFI. ValuEngine upgraded ICF International from a hold rating to a buy rating in a research note on Tuesday, November 14th. BidaskClub upgraded ICF International from a strong sell rating to a sell rating in a research note on Saturday, February 10th. Finally, Noble Financial reiterated a hold rating on shares of ICF International in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $63.25.
ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. ICF International had a return on equity of 10.14% and a net margin of 5.12%. The company had revenue of $321.17 million during the quarter, compared to analysts’ expectations of $307.52 million. equities research analysts anticipate that ICF International will post 3.7 EPS for the current year.
The firm also recently announced a special dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 28th.
In related news, CEO Sudhakar Kesavan sold 30,000 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.48% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in ICF International by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 174,082 shares of the business services provider’s stock valued at $9,138,000 after purchasing an additional 1,836 shares during the last quarter. California Public Employees Retirement System increased its stake in ICF International by 8.3% in 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. First Quadrant L P CA increased its stake in ICF International by 23.2% in the third quarter. First Quadrant L P CA now owns 13,201 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 2,483 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in ICF International by 5.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 53,914 shares of the business services provider’s stock worth $2,830,000 after acquiring an additional 2,936 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in ICF International during the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.
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About ICF International
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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