Rhumbline Advisers Lowers Stock Holdings in ICF International, Inc. $ICFI

Rhumbline Advisers lowered its holdings in ICF International, Inc. (NASDAQ:ICFI) by 8.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ICFI. Entropy Technologies LP acquired a new position in shares of ICF International in the first quarter worth $661,000. GAMMA Investing LLC boosted its holdings in 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 period. SG Americas Securities LLC grew its stake in ICF International by 1,156.9% during the 1st quarter. SG Americas Securities LLC now owns 13,864 shares of the business services provider’s stock worth $1,178,000 after purchasing an additional 12,761 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in ICF International during the 1st quarter worth about $1,671,000. Finally, Quantbot Technologies LP raised its position in ICF International by 25.7% in the 1st quarter. Quantbot Technologies LP now owns 35,592 shares of the business services provider’s stock valued at $3,024,000 after purchasing an additional 7,282 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Trading Up 0.9%

Shares of ICF International stock opened at $100.58 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $1.85 billion, a P/E ratio of 17.49 and a beta of 0.51. ICF International, Inc. has a 1 year low of $75.91 and a 1 year high of $179.67. The company’s fifty day moving average is $92.86 and its two-hundred day moving average is $87.69.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, July 31st. The business services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.03. ICF International had a net margin of 5.45% and a return on equity of 14.50%. The business had revenue of $476.16 million during the quarter, compared to the consensus estimate of $482.84 million. During the same quarter in the prior year, the firm earned $1.69 earnings per share. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. Analysts forecast that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 5th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. ICF International’s payout ratio is presently 9.74%.

Analysts Set New Price Targets

Separately, Barrington Research boosted their price objective on ICF International from $102.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ICF International currently has an average rating of “Moderate Buy” and a consensus target price of $128.20.

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.