Ameriprise Financial Inc. Trims Stock Position in ICF International, Inc. (NASDAQ:ICFI)

Ameriprise Financial Inc. lessened its holdings in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,117 shares of the business services provider's stock after selling 40,090 shares during the quarter. Ameriprise Financial Inc. owned about 1.86% of ICF International worth $41,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL boosted its position in shares of ICF International by 5,171.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider's stock valued at $8,810,000 after acquiring an additional 72,502 shares during the period. MetLife Investment Management LLC boosted its position in shares of ICF International by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider's stock valued at $1,358,000 after acquiring an additional 626 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of ICF International in the fourth quarter valued at approximately $149,000. Marshall Wace LLP boosted its position in shares of ICF International by 2,331.0% in the fourth quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider's stock valued at $7,770,000 after acquiring an additional 62,495 shares during the period. Finally, 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. Institutional investors own 94.12% of the company's stock.

ICF International Trading Down 0.8%

Shares of ICFI traded down $0.70 during mid-day trading on Friday, reaching $87.79. The company's stock had a trading volume of 41,587 shares, compared to its average volume of 287,034. The stock has a market cap of $1.62 billion, a PE ratio of 15.43 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a 52 week low of $75.91 and a 52 week high of $179.67. The company's fifty day moving average price is $84.67 and its two-hundred day moving average price is $111.36.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. The firm had revenue of $487.62 million during the quarter, compared to analyst estimates of $487.28 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 EPS. On average, analysts predict that ICF International, Inc. will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.64%. ICF International's payout ratio is 9.61%.

Wall Street Analysts Forecast Growth

ICFI has been the subject of a number of analyst reports. Truist Financial cut their price objective on shares of ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a research report on Monday, April 14th. StockNews.com lowered shares of ICF International from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Canaccord Genuity Group dropped their target price on shares of ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, Barrington Research dropped their target price on shares of ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Three investment 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $127.20.

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.