ICF International (NASDAQ:ICFI) Downgraded by ValuEngine

ValuEngine cut shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a research report report published on Saturday morning, ValuEngine reports.

Other research analysts have also recently issued reports about the stock. Barrington Research reiterated an outperform rating and issued a $88.00 target price (up from $86.00) on shares of ICF International in a research note on Thursday, May 9th. Zacks Investment Research upgraded shares of ICF International from a hold rating to a buy rating and set a $88.00 target price on the stock in a research note on Tuesday, April 30th. BidaskClub cut shares of ICF International from a buy rating to a hold rating in a research note on Friday, March 22nd. Finally, Cowen restated a buy rating and set a $82.00 price target on shares of ICF International in a research note on Wednesday, February 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $84.80.

ICFI opened at $72.12 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.38 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.76 and a beta of 0.67. ICF International has a twelve month low of $60.22 and a twelve month high of $82.25. The company has a 50-day moving average of $74.06.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, May 2nd. The business services provider reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.09. The firm had revenue of $341.25 million for the quarter, compared to analysts’ expectations of $328.54 million. ICF International had a net margin of 4.67% and a return on equity of 11.37%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. On average, sell-side analysts expect that ICF International will post 4.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Friday, June 14th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, June 13th. ICF International’s payout ratio is currently 15.01%.

In other ICF International news, Director Peter M. Schulte sold 1,372 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $72.51, for a total value of $99,483.72. Following the sale, the director now directly owns 230,966 shares in the company, valued at approximately $16,747,344.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter M. Schulte sold 1,244 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $73.62, for a total transaction of $91,583.28. Following the completion of the sale, the director now owns 232,338 shares in the company, valued at $17,104,723.56. The disclosure for this sale can be found here. Corporate insiders own 4.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. increased its stake in shares of ICF International by 308.9% in the first quarter. Marshall Wace North America L.P. now owns 2,114 shares of the business services provider’s stock worth $161,000 after purchasing an additional 1,597 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of ICF International in the first quarter worth $2,327,000. RK Capital Management LLC purchased a new stake in shares of ICF International in the first quarter worth $7,562,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of ICF International in the first quarter worth $10,254,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of ICF International by 2.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 110,911 shares of the business services provider’s stock worth $8,416,000 after purchasing an additional 2,825 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

About ICF International

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, 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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