The stock of ICF International Inc (NASDAQ:ICFI) reached all time high today, Nov, 22 and still has $55.64 target or 4.00% above today’s $53.50 share price. This indicates more upside for the $1.01B company. This technical setup was reported by Barchart.com. If the $55.64 PT is reached, the company will be worth $40.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 42,742 shares traded hands. ICF International Inc (NASDAQ:ICFI) has risen 38.31% since April 20, 2016 and is uptrending. It has outperformed by 33.76% the S&P500.
ICF International Inc (NASDAQ:ICFI) Ratings Coverage
Out of 2 analysts covering ICF International (NASDAQ:ICFI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. ICF International has been the topic of 2 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Friday, January 29, the company rating was initiated by Barrington. Stifel Nicolaus maintained the shares of ICFI in a report on Friday, July 31 with “Buy” rating.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.19, from 1.32 in 2016Q1. The ratio dived, as 5 funds sold all ICF International Inc shares owned while 45 reduced positions. 27 funds bought stakes while 39 increased positions. They now own 17.10 million shares or 0.62% more from 17.00 million shares in 2016Q1.
Ngam Advsr Lp reported 131,612 shares or 0.07% of all its holdings. Moreover, Globeflex Lp has 0% invested in ICF International Inc (NASDAQ:ICFI) for 23 shares. Credit Suisse Ag, a Switzerland-based fund reported 26,308 shares. Employees Retirement Sys Of Texas has invested 0.02% of its portfolio in ICF International Inc (NASDAQ:ICFI). The Texas-based Dimensional Fund Lp has invested 0.03% in ICF International Inc (NASDAQ:ICFI). Moreover, Blackrock Limited has 0% invested in ICF International Inc (NASDAQ:ICFI) for 19,184 shares. Third Avenue Mngmt owns 191,129 shares or 0.35% of their US portfolio. State Board Of Administration Of Florida Retirement accumulated 17,595 shares or 0% of the stock. Strs Ohio accumulated 0% or 19,400 shares. The North Carolina-based Financial Bank Of America Corporation De has invested 0% in ICF International Inc (NASDAQ:ICFI). Legal General Grp Incorporated Public Limited Co last reported 0% of its portfolio in the stock. Citigroup accumulated 2,601 shares or 0% of the stock. Swiss Natl Bank holds 0% or 27,600 shares in its portfolio. Barrow Hanley Mewhinney & Strauss Ltd, a Texas-based fund reported 26,724 shares. Pax Ww Mngmt Limited Com accumulated 0.62% or 260,000 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 9 insider sales for $3.15 million net activity. $487,755 worth of ICF International Inc (NASDAQ:ICFI) was sold by Glover Ellen. $394,994 worth of ICF International Inc (NASDAQ:ICFI) was sold by Kesavan Sudhakar. The insider Wasson John sold 9,412 shares worth $423,540. Another trade for 1,000 shares valued at $48,950 was sold by ECK PHILLIP. The insider Morgan James C M sold $500,000.
ICFI Company Profile
ICF International, Inc., formerly ICF Consulting Group Holdings, LLC, incorporated on April 18, 2006, provides professional services and technology solutions to government and commercial clients, including management, technology and policy consulting and implementation services. The Firm operates through professional services for government and commercial clients segment. The Company’s services address approximately four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial. The Company’s services include research and analytic services, assessment and advisory services, design and management services, solution identification and implementation services, and engagement services.
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