ICF International, Inc. (NASDAQ:ICFI) Short Interest Update

ICF International, Inc. (NASDAQ:ICFI) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 308,000 shares, an increase of 8.3% from the August 15th total of 284,500 shares. Based on an average daily trading volume, of 88,800 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.7% of the company’s shares are sold short.

ICF International Trading Down 0.8 %

ICFI stock traded down $0.94 during trading on Tuesday, reaching $123.86. 64,812 shares of the stock were exchanged, compared to its average volume of 85,619. The business has a 50 day moving average price of $125.78 and a 200-day moving average price of $118.32. ICF International has a 1 year low of $94.53 and a 1 year high of $136.82. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 36.20 and a beta of 0.57.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.15. ICF International had a net margin of 3.36% and a return on equity of 13.69%. The business had revenue of $500.10 million for the quarter, compared to the consensus estimate of $484.63 million. During the same period in the previous year, the firm earned $1.33 EPS. The business’s revenue was up 18.2% on a year-over-year basis. On average, research analysts predict that ICF International will post 6.31 earnings per share for the current year.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 8th will be issued a $0.14 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.45%. ICF International’s payout ratio is 16.37%.

Insider Transactions at ICF International

In other ICF International news, Director Handel Michael J. Van sold 4,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $129.50, for a total value of $518,000.00. Following the sale, the director now owns 13,431 shares in the company, valued at $1,739,314.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Handel Michael J. Van sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $129.50, for a total transaction of $518,000.00. Following the transaction, the director now directly owns 13,431 shares of the company’s stock, valued at $1,739,314.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James C. M. Morgan sold 200 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $130.00, for a total value of $26,000.00. Following the completion of the transaction, the insider now directly owns 44,543 shares in the company, valued at approximately $5,790,590. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,869 shares of company stock worth $1,151,690. 1.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ICF International

Several large investors have recently bought and sold shares of the business. Captrust Financial Advisors raised its stake in ICF International by 27.0% during the 2nd quarter. Captrust Financial Advisors now owns 447 shares of the business services provider’s stock worth $43,000 after acquiring an additional 95 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of ICF International by 14.3% in the 1st quarter. First Horizon Advisors Inc. now owns 711 shares of the business services provider’s stock worth $78,000 after acquiring an additional 89 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of ICF International by 32.5% in the first quarter. Dark Forest Capital Management LP now owns 951 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 233 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of ICF International during the second quarter worth about $114,000. Finally, Assetmark Inc. raised its holdings in ICF International by 20.7% during the first quarter. Assetmark Inc. now owns 1,223 shares of the business services provider’s stock worth $134,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ICFI shares. StockNews.com started coverage on shares of ICF International in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Barrington Research boosted their price target on shares of ICF International from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, August 24th. Finally, Canaccord Genuity Group lifted their target price on shares of ICF International from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, August 7th.

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. It 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, business, market, business, communication, and technology challenges.