Arizona State Retirement System boosted its holdings in ICF International, Inc. (NASDAQ:ICFI – Get Rating) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,310 shares of the business services provider’s stock after purchasing an additional 203 shares during the period. Arizona State Retirement System’s holdings in ICF International were worth $526,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in ICF International by 27.0% in the second quarter. Captrust Financial Advisors now owns 447 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 95 shares during the last quarter. Quantbot Technologies LP acquired a new stake in ICF International during the second quarter valued at approximately $114,000. Hilton Capital Management LLC acquired a new stake in ICF International during the third quarter valued at approximately $206,000. Gabelli Funds LLC acquired a new stake in ICF International during the third quarter valued at approximately $218,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in ICF International during the third quarter valued at approximately $226,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Insider Buying and Selling
In related news, Director Srikant M. Datar sold 382 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $114.00, for a total value of $43,548.00. Following the completion of the transaction, the director now directly owns 2,425 shares of the company’s stock, valued at approximately $276,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.38% of the company’s stock.
Analysts Set New Price Targets
ICF International Stock Up 0.5 %
Shares of ICF International stock opened at $113.67 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.69. The business’s 50 day simple moving average is $110.25 and its 200-day simple moving average is $106.53. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 34.24 and a beta of 0.60. ICF International, Inc. has a twelve month low of $88.98 and a twelve month high of $121.28.
ICF International (NASDAQ:ICFI – Get Rating) last announced its quarterly earnings results on Tuesday, May 9th. The business services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.01. The business had revenue of $483.28 million for the quarter, compared to analysts’ expectations of $473.96 million. ICF International had a return on equity of 13.37% and a net margin of 3.39%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. Equities research analysts forecast that ICF International, Inc. will post 6.3 earnings per share for the current year.
ICF International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 9th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Thursday, June 8th. ICF International’s dividend payout ratio (DPR) is 16.87%.
About ICF International
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.
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