Zacks Investment Research downgraded shares of ICF International, Inc. (NASDAQ:ICFI) from a buy rating to a hold rating in a research report report published on Tuesday morning.
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 research analysts also recently weighed in on ICFI. Noble Financial reiterated a hold rating on shares of ICF International in a report on Thursday, August 3rd. BidaskClub downgraded ICF International from a sell rating to a strong sell rating in a report on Saturday, August 26th. Finally, SunTrust Banks, Inc. reiterated a buy rating and issued a $62.00 price target on shares of ICF International in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $61.00.
ICF International (NASDAQ ICFI) opened at 55.25 on Tuesday. The stock has a market capitalization of $1.04 billion, a PE ratio of 22.19 and a beta of 0.89. The stock’s 50 day moving average price is $51.32 and its 200 day moving average price is $46.89. ICF International has a 1-year low of $40.20 and a 1-year high of $59.55.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The firm had revenue of $306.39 million for the quarter, compared to the consensus estimate of $309.15 million. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts predict that ICF International will post $2.99 earnings per share for the current fiscal year.
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In other ICF International news, COO John Wasson sold 12,461 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $47.50, for a total transaction of $591,897.50. Following the transaction, the chief operating officer now directly owns 65,995 shares in the company, valued at approximately $3,134,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James C. M. Morgan sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $51.50, for a total value of $515,000.00. Following the transaction, the insider now owns 26,325 shares in the company, valued at $1,355,737.50. The disclosure for this sale can be found here. Insiders have sold a total of 65,116 shares of company stock worth $3,305,286 over the last 90 days. 5.48% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Seizert Capital Partners LLC increased its holdings in ICF International by 1.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 59,552 shares of the business services provider’s stock worth $2,805,000 after purchasing an additional 707 shares during the period. American International Group Inc. increased its holdings in ICF International by 7.1% during the 1st quarter. American International Group Inc. now owns 11,116 shares of the business services provider’s stock worth $459,000 after purchasing an additional 735 shares during the period. Systematic Financial Management LP increased its holdings in ICF International by 3.5% during the 2nd quarter. Systematic Financial Management LP now owns 32,395 shares of the business services provider’s stock worth $1,526,000 after purchasing an additional 1,085 shares during the period. Strs Ohio increased its holdings in ICF International by 7.3% during the 2nd quarter. Strs Ohio now owns 17,600 shares of the business services provider’s stock worth $828,000 after purchasing an additional 1,200 shares during the period. Finally, Teachers Advisors LLC increased its holdings in ICF International by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 32,729 shares of the business services provider’s stock worth $1,542,000 after purchasing an additional 1,946 shares during the period. Institutional investors own 90.28% of the company’s stock.
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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