ICF (ICFI) Upgraded at BidaskClub

BidaskClub upgraded shares of ICF (NASDAQ:ICFI) from a buy rating to a strong-buy rating in a report released on Tuesday.

ICFI has been the subject of a number of other research reports. Zacks Investment Research cut shares of ICF from a buy rating to a hold rating in a research report on Saturday, February 10th. ValuEngine upgraded shares of ICF from a buy rating to a strong-buy rating in a research report on Monday, April 2nd. Cowen assumed coverage on shares of ICF in a research report on Wednesday, March 28th. They issued a market perform rating and a $65.00 price objective for the company. Wells Fargo upped their target price on shares of ICF from $58.00 to $61.00 and gave the stock a market perform rating in a research note on Wednesday, February 28th. Finally, Barrington Research reaffirmed an outperform rating and issued a $67.00 target price (up from $65.00) on shares of ICF in a research note on Thursday, March 1st. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $66.60.

ICFI opened at $68.00 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.48. ICF has a 12 month low of $41.10 and a 12 month high of $69.05. The firm has a market capitalization of $1,275.25, a P/E ratio of 22.39, a PEG ratio of 1.83 and a beta of 0.70.

ICF (NASDAQ:ICFI) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.78 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.78. ICF had a net margin of 5.12% and a return on equity of 9.95%. The business had revenue of $321.17 million during the quarter, compared to analysts’ expectations of $307.52 million. sell-side analysts forecast that ICF will post 3.7 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which was paid on Monday, April 16th. Investors of record on Friday, March 30th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. ICF’s payout ratio is presently 4.64%.

In related news, insider James C. M. Morgan sold 2,957 shares of the company’s stock in a transaction on Friday, April 20th. The shares were sold at an average price of $67.50, for a total value of $199,597.50. Following the completion of the transaction, the insider now directly owns 30,310 shares of the company’s stock, valued at approximately $2,045,925. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $1,740,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,246 shares of company stock valued at $5,102,215. Company insiders own 5.48% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ICFI. Ramsey Quantitative Systems acquired a new position in ICF in the 4th quarter worth $207,000. MetLife Investment Advisors LLC acquired a new position in ICF in the 4th quarter worth $466,000. California Public Employees Retirement System boosted its stake in ICF 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 purchasing an additional 2,265 shares during the period. Public Employees Retirement System of Ohio boosted its stake in ICF by 2,973.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 50,685 shares of the business services provider’s stock worth $2,734,000 after purchasing an additional 49,036 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in shares of ICF by 5.8% during 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 last quarter. 93.18% of the stock is owned by hedge funds and other institutional investors.

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About ICF

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.

Analyst Recommendations for ICF (NASDAQ:ICFI)

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