ICF International, Inc. (NASDAQ:ICFI) Stock Position Boosted by Martingale Asset Management L P

Martingale Asset Management L P grew its stake in shares of ICF International, Inc. (NASDAQ:ICFI) by 25.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,399 shares of the business services provider’s stock after buying an additional 690 shares during the quarter. Martingale Asset Management L P’s holdings in ICF International were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ICFI. Farther Finance Advisors LLC grew its holdings in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after acquiring an additional 58 shares during the period. Marshall Wace LLP acquired a new position in shares of ICF International in the 2nd quarter worth approximately $301,000. AlphaMark Advisors LLC bought a new stake in shares of ICF International in the 3rd quarter worth approximately $342,000. Quantbot Technologies LP acquired a new stake in ICF International during the third quarter valued at approximately $852,000. Finally, SG Americas Securities LLC boosted its holdings in ICF International by 730.3% during the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock worth $1,370,000 after buying an additional 8,114 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the transaction, the chief operating officer now owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the completion of the sale, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. The trade was a 29.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,038 shares of company stock worth $705,355 in the last three months. 1.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ICFI. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Tuesday, November 19th. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Barrington Research reaffirmed an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Finally, Truist Financial dropped their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $167.25.

ICF International Trading Up 0.2 %

NASDAQ:ICFI opened at $135.38 on Wednesday. The stock has a market cap of $2.54 billion, a PE ratio of 23.79 and a beta of 0.54. ICF International, Inc. has a fifty-two week low of $128.28 and a fifty-two week high of $179.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50-day moving average is $160.75 and its two-hundred day moving average is $153.44.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. The firm had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 earnings per share. As a group, equities research analysts forecast that ICF International, Inc. will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company 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.