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 boosted their target price 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $50.00.
ICF International (NASDAQ:ICFI) opened at 45.40 on Monday. The firm’s 50-day moving average is $42.00 and its 200 day moving average is $39.51. ICF International has a one year low of $29.19 and a one year high of $45.44. The stock has a market cap of $861.33 million, a P/E ratio of 20.62 and a beta of 1.27.
ICF International (NASDAQ:ICFI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. The business earned $305.40 million during the quarter, compared to the consensus estimate 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 was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. On average, analysts anticipate that ICF International will post $2.88 EPS for the current fiscal year.
In related news, EVP Ellen Glover sold 10,839 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $45.00, for a total value of $487,755.00. Following the transaction, the executive vice president now owns 36,133 shares in the company, valued at approximately $1,625,985. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sudhakar Kesavan sold 9,634 shares of the stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $41.00, for a total transaction of $394,994.00. Following the completion of the transaction, the chief executive officer now owns 152,364 shares in the company, valued at approximately $6,246,924. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. increased its position in shares of ICF International by 304.9% in the second quarter. Panagora Asset Management Inc. now owns 7,888 shares of the company’s stock valued at $323,000 after buying an additional 5,940 shares during the period. State Street Corp increased 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 during the period. Columbia Wanger Asset Management LLC acquired a new position in shares of ICF International during the second quarter valued at $21,211,000. Nicholas Co. Inc. WI acquired a new position in shares of ICF International during the second quarter valued at $3,537,000. Finally, Lord Abbett & CO. LLC increased its position in shares of ICF International by 279.3% in the second quarter. Lord Abbett & CO. LLC now owns 353,752 shares of the company’s stock valued at $14,468,000 after buying an additional 260,484 shares during the period. Institutional investors own 92.69% of the company’s stock.
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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