Silvercrest Asset Management Group LLC reduced its position in shares of ICF International, Inc. (NASDAQ:ICFI – Get Rating) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,036,146 shares of the business services provider’s stock after selling 41,482 shares during the quarter. Silvercrest Asset Management Group LLC owned about 5.50% of ICF International worth $102,630,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ICFI. Lord Abbett & CO. LLC boosted its stake in ICF International by 42.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 349,277 shares of the business services provider’s stock valued at $38,078,000 after purchasing an additional 103,953 shares during the last quarter. Driehaus Capital Management LLC bought a new position in ICF International during the 4th quarter valued at $6,552,000. Putnam Investments LLC boosted its holdings in ICF International by 17.9% during the 3rd quarter. Putnam Investments LLC now owns 168,469 shares of the business services provider’s stock worth $18,367,000 after acquiring an additional 25,575 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of ICF International by 19.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 112,953 shares of the business services provider’s stock worth $12,313,000 after acquiring an additional 18,580 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of ICF International by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 333,305 shares of the business services provider’s stock valued at $33,013,000 after purchasing an additional 12,367 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on ICFI shares. StockNews.com lowered shares of ICF International from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Barrington Research lifted their price target on ICF International from $129.00 to $138.00 and gave the stock an “outperform” rating in a report on Monday, March 6th.
ICF International Stock Performance
ICFI traded up $0.09 during trading on Friday, hitting $122.87. 15,419 shares of the company traded hands, compared to its average volume of 83,860. ICF International, Inc. has a one year low of $88.98 and a one year high of $124.56. The stock’s fifty day moving average is $112.53 and its 200 day moving average is $107.06. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The firm has a market cap of $2.31 billion, a P/E ratio of 36.98 and a beta of 0.59.
ICF International (NASDAQ:ICFI – Get Rating) last released its earnings results on Tuesday, May 9th. The business services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.01. The firm had revenue of $483.28 million during the quarter, compared to the consensus estimate of $473.96 million. ICF International had a net margin of 3.39% and a return on equity of 13.37%. The company’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 EPS. As a group, equities analysts predict that ICF International, Inc. will post 6.26 EPS for the current fiscal year.
ICF International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 9th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, June 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.46%. ICF International’s dividend payout ratio is presently 16.87%.
ICF International Company Profile
(Get Rating)
ICF International, Inc engages in the provision of professional services and technology-based solutions to government and commercial clients, including management, marketing, technology, and policy consulting and implementation services. The company was founded in 1969 and is headquartered in Reston, VA.
Featured Articles
Want to see what other hedge funds are holding ICFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ICF International, Inc. (NASDAQ:ICFI – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ICF International, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and ICF International wasn’t on the list.
While ICF International currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Credit: Source link