Entropy Technologies LP Makes New Investment in ICF International, Inc. (NASDAQ:ICFI)

Key Points

• Entropy Technologies LP has invested approximately $661,000 in ICF International, acquiring a total of 7,781 shares during the first quarter.
• ICF International's quarterly earnings exceeded expectations, reporting an EPS of $1.66, outperforming analysts' estimates of $1.63, despite a 7.2% decline in year-over-year revenue.
• The company has announced a quarterly dividend of $0.14 per share, with a yield of 0.6%, which will be paid on October 10th.

Entropy Technologies LP purchased a new position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,781 shares of the business services provider's stock, valued at approximately $661,000.

Other institutional investors also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of ICF International during the fourth quarter worth approximately $149,000. Ethic Inc. purchased a new stake in ICF International in the 4th quarter valued at $292,000. SG Americas Securities LLC raised its position in ICF International by 1,156.9% in the 1st quarter. SG Americas Securities LLC now owns 13,864 shares of the business services provider's stock valued at $1,178,000 after buying an additional 12,761 shares during the last quarter. MetLife Investment Management LLC raised its position in ICF International by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider's stock valued at $1,358,000 after buying an additional 626 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in ICF International in the 1st quarter valued at $1,671,000. 94.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ICFI has been the subject of a number of analyst reports. Wall Street Zen lowered ICF International from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Barrington Research increased their price target on ICF International from $102.00 to $107.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Finally, Canaccord Genuity Group reduced their price objective on ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $128.20.

ICF International Price Performance

NASDAQ:ICFI traded down $0.10 during mid-day trading on Friday, reaching $98.40. The stock had a trading volume of 329,996 shares, compared to its average volume of 207,092. The firm has a 50 day moving average price of $87.48 and a two-hundred day moving average price of $89.20. The stock has a market capitalization of $1.81 billion, a P/E ratio of 17.11 and a beta of 0.49. ICF International, Inc. has a one year low of $75.91 and a one year high of $179.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.29.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.03. The business had revenue of $476.16 million for the quarter, compared to analysts' expectations of $482.84 million. ICF International had a return on equity of 14.50% and a net margin of 5.45%. The business's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.69 EPS. As a group, analysts expect that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

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

Insider Activity at ICF International

In other news, Director Randall Mehl purchased 2,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were bought 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 directly owned 17,754 shares of the company's stock, valued at $1,498,437.60. This trade represents a 12.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott B. Salmirs purchased 1,250 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were purchased 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 directly owned 7,653 shares of the company's stock, valued at $642,698.94. This represents a 19.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.48% of the stock is currently owned by insiders.

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.