Rhumbline Advisers Has $2.39 Million Stock Holdings in ICF International, Inc. (NASDAQ:ICFI)

Rhumbline Advisers reduced its stake in shares of ICF International, Inc. (NASDAQ:ICFI) by 8.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 28,180 shares of the business services provider’s stock after selling 2,450 shares during the period. Rhumbline Advisers owned approximately 0.15% of ICF International worth $2,394,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ICFI. GAMMA Investing LLC raised its holdings in shares of ICF International by 23,974.1% in the first quarter. GAMMA Investing LLC now owns 13,000 shares of the business services provider’s stock valued at $11,050,000 after purchasing an additional 12,946 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of ICF International by 76,550.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider’s stock valued at $3,655,000 after acquiring an additional 30,620 shares during the period. Jump Financial LLC boosted its position in shares of ICF International by 107.1% in the fourth quarter. Jump Financial LLC now owns 18,843 shares of the business services provider’s stock valued at $2,246,000 after acquiring an additional 9,743 shares during the period. Millstone Evans Group LLC bought a new stake in shares of ICF International in the fourth quarter valued at about $447,000. Finally, Geode Capital Management LLC boosted its position in shares of ICF International by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 442,995 shares of the business services provider’s stock valued at $52,822,000 after acquiring an additional 2,010 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Stock Performance

NASDAQ:ICFI opened at $86.08 on Tuesday. The company has a fifty day moving average of $84.95 and a 200-day moving average of $100.32. The firm has a market capitalization of $1.58 billion, a P/E ratio of 15.13 and a beta of 0.51. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a twelve month low of $75.91 and a twelve month high of $179.67.

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

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, June 6th. ICF International’s payout ratio is 9.61%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Barrington Research reissued an “outperform” rating and issued a $102.00 target price on shares of ICF International in a report on Wednesday, June 11th. Canaccord Genuity Group dropped their price objective on shares of ICF International from $100.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, May 8th. Finally, Truist Financial dropped their price objective on shares of ICF International from $97.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.20.

Insider Transactions at ICF International

In related news, Director Randall Mehl purchased 2,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $84.40 per share, for a total transaction of $168,800.00. Following the completion of the transaction, the director now directly owns 17,754 shares in the company, valued at approximately $1,498,437.60. This represents a 12.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Scott B. Salmirs purchased 1,250 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $83.98 per share, for a total transaction of $104,975.00. Following the completion of the transaction, the director now owns 7,653 shares of the company’s stock, valued at approximately $642,698.94. This trade represents a 19.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.48% of the company’s stock.

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.