ValuEngine lowered shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other research analysts have also issued reports on ICFI. Zacks Investment Research lowered ICF International from a buy rating to a hold rating in a research report on Tuesday, November 13th. BidaskClub lowered ICF International from a buy rating to a hold rating in a research report on Friday, November 30th. Barrington Research set a $86.00 target price on ICF International and gave the company a buy rating in a research report on Thursday. Finally, Cowen set a $85.00 price target on ICF International and gave the company a buy rating in a report on Monday, November 5th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $79.67.

Shares of NASDAQ:ICFI opened at $65.47 on Friday. ICF International has a 1 year low of $50.10 and a 1 year high of $82.25. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 1.72 and a beta of 0.70. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.36.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, November 1st. The business services provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. ICF International had a return on equity of 10.24% and a net margin of 5.45%. The business had revenue of $333.00 million during the quarter, compared to analyst estimates of $332.19 million. During the same quarter in the previous year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts anticipate that ICF International will post 3.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 16th. Investors of record on Friday, December 7th will be issued a $0.14 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.86%. ICF International’s payout ratio is 18.54%.

In related news, COO John Wasson sold 2,532 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $79.58, for a total value of $201,496.56. Following the completion of the sale, the chief operating officer now owns 51,113 shares in the company, valued at $4,067,572.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.67% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Martingale Asset Management L P boosted its holdings in shares of ICF International by 1.2% in the second quarter. Martingale Asset Management L P now owns 74,107 shares of the business services provider’s stock valued at $5,266,000 after purchasing an additional 899 shares during the period. O Shaughnessy Asset Management LLC raised its stake in ICF International by 2.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 112,736 shares of the business services provider’s stock worth $8,470,000 after buying an additional 3,181 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in ICF International in the third quarter worth approximately $118,000. First Quadrant L P CA raised its stake in ICF International by 145.1% in the third quarter. First Quadrant L P CA now owns 3,846 shares of the business services provider’s stock worth $290,000 after buying an additional 2,277 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its stake in ICF International by 2.7% in the third quarter. Peregrine Capital Management LLC now owns 157,717 shares of the business services provider’s stock worth $11,900,000 after buying an additional 4,176 shares in the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

ICF International Company Profile

ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, market, business, communication, and technology challenges.

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Analyst Recommendations for ICF International (NASDAQ:ICFI)

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