Systematic Financial Management LP Has $41.06 Million Stock Position in ICF International, Inc. (NASDAQ:ICFI)

Systematic Financial Management LP trimmed its position in ICF International, Inc. (NASDAQ:ICFI) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 276,564 shares of the business services provider’s stock after selling 18,427 shares during the quarter. ICF International accounts for 1.2% of Systematic Financial Management LP’s holdings, making the stock its 10th largest holding. Systematic Financial Management LP owned 1.48% of ICF International worth $41,059,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in ICF International in the second quarter valued at about $301,000. Torray Investment Partners LLC grew its holdings in shares of ICF International by 8.7% during the 2nd quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock valued at $2,145,000 after purchasing an additional 1,159 shares during the last quarter. Rhumbline Advisers increased its position in ICF International by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock worth $4,081,000 after purchasing an additional 247 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in ICF International by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock valued at $15,817,000 after purchasing an additional 1,367 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in ICF International by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock valued at $14,778,000 after buying an additional 2,173 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ICF International

In other news, EVP Anne F. Choate sold 1,481 shares of ICF International stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $133.89, for a total value of $198,291.09. Following the completion of the transaction, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at approximately $640,663.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Anne F. Choate sold 1,481 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $133.89, for a total transaction of $198,291.09. Following the completion of the sale, the executive vice president now owns 4,785 shares of the company’s stock, valued at $640,663.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Wasson sold 1,417 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the transaction, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,766 shares of company stock valued at $1,444,534. 1.39% of the stock is currently owned by insiders.

Analyst Ratings Changes

ICFI has been the subject of a number of research reports. William Blair upgraded ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Truist Financial downgraded ICF International from a “buy” rating to a “hold” rating and dropped their target price for the company from $168.00 to $155.00 in a research report on Monday, July 1st. Finally, Barrington Research restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.75.

ICF International Stock Up 0.7 %

Shares of ICFI opened at $165.71 on Friday. The stock’s 50-day moving average price is $158.94 and its two-hundred day moving average price is $149.11. ICF International, Inc. has a 12 month low of $115.67 and a 12 month high of $170.47. The company has a market capitalization of $3.10 billion, a PE ratio of 33.68 and a beta of 0.61. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, beating the consensus estimate of $1.49 by $0.20. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The business had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. During the same period in the prior year, the business posted $1.57 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, analysts anticipate that ICF International, Inc. will post 7.06 EPS for the current year.

ICF International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.56 annualized dividend and a yield of 0.34%. ICF International’s payout ratio is 11.38%.

ICF International 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.