ICF International, Inc. (NASDAQ:ICFI) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in ICF International, Inc. (NASDAQ:ICFIFree Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,833 shares of the business services provider’s stock after purchasing an additional 4,327 shares during the period. Bank of New York Mellon Corp owned approximately 0.62% of ICF International worth $12,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Torray Investment Partners LLC lifted its stake in shares of ICF International by 0.7% in the 1st quarter. Torray Investment Partners LLC now owns 12,406 shares of the business services provider’s stock valued at $1,361,000 after purchasing an additional 89 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of ICF International by 27.0% in the 2nd 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. MetLife Investment Management LLC lifted its stake in shares of ICF International by 1.2% in the 4th quarter. MetLife Investment Management LLC now owns 9,796 shares of the business services provider’s stock valued at $970,000 after purchasing an additional 120 shares during the last quarter. Arizona State Retirement System lifted its stake in ICF International by 2.8% during the 1st quarter. Arizona State Retirement System now owns 5,460 shares of the business services provider’s stock worth $599,000 after acquiring an additional 150 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in ICF International by 20.7% during the 1st quarter. Assetmark Inc. now owns 1,223 shares of the business services provider’s stock worth $134,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

ICF International Price Performance

Shares of NASDAQ ICFI opened at $135.06 on Friday. The stock’s 50-day moving average is $123.94 and its two-hundred day moving average is $115.82. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.30 and a quick ratio of 1.30. ICF International, Inc. has a 1-year low of $94.53 and a 1-year high of $136.82. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 39.49 and a beta of 0.61.

ICF International (NASDAQ:ICFIGet Free Report) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.15. ICF International had a return on equity of 13.69% and a net margin of 3.36%. The business had revenue of $500.10 million for the quarter, compared to the consensus estimate of $484.63 million. During the same quarter in the prior year, the business posted $1.33 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts forecast that ICF International, Inc. will post 6.3 EPS for the current fiscal year.

ICF International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 8th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.41%. ICF International’s dividend payout ratio (DPR) is presently 16.37%.

Insider Activity at ICF International

In related news, insider James C. M. Morgan sold 200 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $130.00, for a total value of $26,000.00. Following the completion of the sale, the insider now directly owns 44,543 shares of the company’s stock, valued at approximately $5,790,590. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other ICF International news, insider James C. M. Morgan sold 200 shares of ICF International stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $130.00, for a total value of $26,000.00. Following the transaction, the insider now directly owns 44,543 shares in the company, valued at approximately $5,790,590. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Srikant M. Datar sold 500 shares of ICF International stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $129.75, for a total value of $64,875.00. Following the completion of the transaction, the director now owns 3,098 shares in the company, valued at $401,965.50. The disclosure for this sale can be found here. Insiders sold a total of 8,969 shares of company stock valued at $1,164,204 in the last three months. 1.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ICFI has been the topic of several research reports. Barrington Research increased their target price on ICF International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. Canaccord Genuity Group increased their target price on ICF International from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, StockNews.com began coverage on ICF International in a report on Thursday, August 17th. They set a “hold” rating on the stock.

View Our Latest Analysis on ICF International

About ICF International

(Free Report)

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

Further Reading

Institutional Ownership by Quarter for ICF International (NASDAQ:ICFI)

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