Handelsbanken Fonder AB Grows Position in ICF International, Inc. (NASDAQ:ICFI)

Handelsbanken Fonder AB increased its holdings in shares of ICF International, Inc. (NASDAQ:ICFI) by 26.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,822 shares of the business services provider’s stock after purchasing an additional 1,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in ICF International were worth $647,000 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. First National Advisers LLC acquired a new stake in shares of ICF International during the third quarter valued at about $202,000. Trust Point Inc. purchased a new position in shares of ICF International during the 4th quarter worth approximately $995,000. Torray Investment Partners LLC boosted its position in shares of ICF International by 3.1% during the 3rd quarter. Torray Investment Partners LLC now owns 12,869 shares of the business services provider’s stock worth $1,555,000 after purchasing an additional 387 shares during the period. Zions Bancorporation N.A. increased its holdings in ICF International by 7.6% in the 3rd quarter. Zions Bancorporation N.A. now owns 15,252 shares of the business services provider’s stock valued at $1,843,000 after purchasing an additional 1,079 shares during the last quarter. Finally, EAM Investors LLC raised its position in ICF International by 118.3% in the third quarter. EAM Investors LLC now owns 21,690 shares of the business services provider’s stock valued at $2,620,000 after purchasing an additional 11,752 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO James C. M. Morgan sold 2,400 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $155.17, for a total value of $372,408.00. Following the sale, the chief operating officer now directly owns 39,814 shares in the company, valued at approximately $6,177,938.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on ICFI shares. Canaccord Genuity Group restated a “buy” rating and set a $170.00 price target on shares of ICF International in a research report on Tuesday, February 20th. Truist Financial lifted their target price on ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Barrington Research boosted their price target on shares of ICF International from $145.00 to $173.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, ICF International has a consensus rating of “Moderate Buy” and a consensus price target of $162.75.

ICF International Stock Up 1.7 %

Shares of NASDAQ ICFI opened at $144.37 on Tuesday. The stock has a market cap of $2.70 billion, a P/E ratio of 33.19 and a beta of 0.60. The business’s fifty day simple moving average is $148.74 and its 200-day simple moving average is $139.60. ICF International, Inc. has a 12-month low of $108.58 and a 12-month high of $158.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.04. The company had revenue of $478.35 million for the quarter, compared to the consensus estimate of $480.75 million. ICF International had a return on equity of 13.94% and a net margin of 4.21%. ICF International’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 EPS. As a group, equities analysts predict that ICF International, Inc. will post 6.77 EPS for the current fiscal year.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 22nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.56 dividend on an annualized basis and a yield of 0.39%. ICF International’s dividend payout ratio is currently 12.87%.

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.