California State Teachers Retirement System Sells 193 Shares of ICF International, Inc. (NASDAQ:ICFI)

California State Teachers Retirement System lowered its stake in shares of ICF International, Inc. (NASDAQ:ICFI) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,526 shares of the business services provider’s stock after selling 193 shares during the period. California State Teachers Retirement System owned 0.10% of ICF International worth $2,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICFI. SG Americas Securities LLC raised its stake in shares of ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after purchasing an additional 339 shares in the last quarter. Rhumbline Advisers raised its stake in ICF International by 17.0% in the 4th quarter. Rhumbline Advisers now owns 30,630 shares of the business services provider’s stock valued at $3,651,000 after acquiring an additional 4,457 shares during the period. Handelsbanken Fonder AB raised its stake in ICF International by 8.3% in the 4th quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider’s stock valued at $623,000 after acquiring an additional 400 shares during the period. Torray Investment Partners LLC raised its stake in ICF International by 1.2% in the 4th quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider’s stock valued at $1,562,000 after acquiring an additional 152 shares during the period. Finally, Cibc World Markets Corp bought a new stake in ICF International in the 4th quarter valued at $208,000. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

ICFI has been the topic of a number of research analyst reports. Barrington Research dropped their price target on ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Truist Financial dropped their price target on ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Canaccord Genuity Group dropped their price target on ICF International from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen cut ICF International from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.20.

ICF International Stock Up 1.9%

ICFI stock opened at $84.21 on Friday. 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 has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.80 and a beta of 0.51. The business’s fifty day moving average price is $84.48 and its two-hundred day moving average price is $102.67. ICF International, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $179.67.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. The firm had revenue of $487.62 million for the quarter, compared to analysts’ expectations of $487.28 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.77 EPS. On average, equities analysts anticipate that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, June 6th. ICF International’s dividend payout ratio (DPR) is presently 9.61%.

About ICF International

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.