Bank of New York Mellon Corp Acquires 3,906 Shares of ICF International, Inc. $ICFI

Bank of New York Mellon Corp raised its stake in shares of ICF International, Inc. (NASDAQ:ICFI) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,896 shares of the business services provider’s stock after buying an additional 3,906 shares during the period. Bank of New York Mellon Corp owned 0.47% of ICF International worth $7,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Entropy Technologies LP acquired a new position in shares of ICF International during the 1st quarter valued at about $661,000. Zions Bancorporation National Association UT acquired a new stake in ICF International in the 1st quarter worth approximately $1,671,000. Quantbot Technologies LP boosted its position in ICF International by 25.7% during the first quarter. Quantbot Technologies LP now owns 35,592 shares of the business services provider’s stock worth $3,024,000 after purchasing an additional 7,282 shares during the period. Third Avenue Management LLC grew its holdings in ICF International by 6.4% during the first quarter. Third Avenue Management LLC now owns 47,024 shares of the business services provider’s stock valued at $3,996,000 after purchasing an additional 2,836 shares during the last quarter. Finally, Argent Capital Management LLC raised its position in shares of ICF International by 26.4% in the second quarter. Argent Capital Management LLC now owns 47,946 shares of the business services provider’s stock valued at $4,062,000 after purchasing an additional 10,028 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

ICF International Stock Up 2.0%

ICFI stock opened at $78.02 on Friday. ICF International, Inc. has a twelve month low of $72.03 and a twelve month high of $141.51. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.44 billion, a PE ratio of 13.57 and a beta of 0.48. The business’s 50-day simple moving average is $87.76 and its 200 day simple moving average is $88.75.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). ICF International had a return on equity of 14.50% and a net margin of 5.45%.The firm had revenue of $465.41 million during the quarter, compared to the consensus estimate of $485.10 million. During the same quarter in the prior year, the business posted $2.13 EPS. ICF International’s revenue was down 10.0% compared to the same quarter last year. On average, research analysts anticipate that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, December 5th. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. ICF International’s payout ratio is currently 10.57%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barrington Research decreased their price objective on shares of ICF International from $107.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of ICF International in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $112.75.

Insider Buying and Selling at ICF International

In other ICF International news, Director Randall Mehl bought 500 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average price of $77.00 per share, with a total value of $38,500.00. Following the completion of the purchase, the director directly owned 20,474 shares in the company, valued at $1,576,498. The trade was a 2.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO James C. M. Morgan sold 2,400 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $95.19, for a total transaction of $228,456.00. Following the transaction, the chief operating officer owned 39,704 shares of the company’s stock, valued at approximately $3,779,423.76. This represents a 5.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.48% of the company’s stock.

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.