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. “
Separately, Stifel Nicolaus raised their price objective on shares of ICF International from $49.00 to $51.00 and gave the stock a buy rating in a report on Wednesday, August 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. ICF International has an average rating of Hold and a consensus price target of $50.00.
ICF International (NASDAQ:ICFI) opened at 44.84 on Wednesday. The company’s 50-day moving average is $43.39 and its 200 day moving average is $40.58. ICF International has a 12-month low of $30.29 and a 12-month high of $45.83. The stock has a market capitalization of $850.70 million, a PE ratio of 20.36 and a beta of 1.15.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The company earned $305.40 million during the quarter, compared to analyst estimates of $294.06 million. ICF International had a net margin of 3.67% and a return on equity of 10.23%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. On average, analysts predict that ICF International will post $2.88 EPS for the current year.
In other ICF International news, EVP Ellen Glover sold 10,839 shares of the firm’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $45.00, for a total transaction of $487,755.00. Following the completion of the transaction, the executive vice president now directly owns 36,133 shares of the company’s stock, valued at approximately $1,625,985. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Sudhakar Kesavan sold 9,633 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $43.00, for a total transaction of $414,219.00. Following the transaction, the chairman now directly owns 142,731 shares of the company’s stock, valued at $6,137,433. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Advisors Inc. raised its position in shares of ICF International by 3.2% in the second quarter. Teachers Advisors Inc. now owns 28,998 shares of the company’s stock valued at $1,186,000 after buying an additional 887 shares in the last quarter. Martingale Asset Management L P raised its position in shares of ICF International by 11.3% in the second quarter. Martingale Asset Management L P now owns 13,700 shares of the company’s stock valued at $561,000 after buying an additional 1,390 shares in the last quarter. AXA raised its position in shares of ICF International by 5.0% in the second quarter. AXA now owns 54,300 shares of the company’s stock valued at $2,221,000 after buying an additional 2,600 shares in the last quarter. State Street Corp raised its position in shares of ICF International by 1.3% in the second quarter. State Street Corp now owns 316,246 shares of the company’s stock valued at $12,935,000 after buying an additional 4,054 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in shares of ICF International during the second quarter valued at $221,000. 92.69% of the stock is owned by institutional investors.
ICF International Company Profile
ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.
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