GAMMA Investing LLC boosted its stake in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 23,974.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,000 shares of the business services provider's stock after purchasing an additional 12,946 shares during the quarter. GAMMA Investing LLC owned about 0.07% of ICF International worth $11,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ethic Inc. bought a new stake in shares of ICF International in the 4th quarter valued at about $292,000. BNP Paribas Financial Markets grew its holdings in ICF International by 411.7% in the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider's stock worth $10,756,000 after purchasing an additional 72,595 shares during the last quarter. Tudor Investment Corp ET AL increased its position in shares of ICF International by 5,171.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider's stock worth $8,810,000 after purchasing an additional 72,502 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of ICF International by 5.8% during 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 purchasing an additional 626 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of ICF International during the 4th quarter valued at $149,000. Hedge funds and other institutional investors own 94.12% of the company's stock.
ICF International Stock Performance
Shares of ICFI stock traded up $1.58 during mid-day trading on Friday, reaching $84.21. The stock had a trading volume of 134,940 shares, compared to its average volume of 197,855. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 14.80 and a beta of 0.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The business's fifty day moving average is $84.48 and its 200-day moving average is $102.67.
ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company had revenue of $487.62 million for the quarter, compared to the consensus estimate of $487.28 million. During the same quarter in the prior year, the company earned $1.77 EPS. ICF International's quarterly revenue was down 1.4% on a year-over-year basis. On average, research analysts forecast that ICF International, Inc. will post 7.44 earnings per share for the current year.
ICF International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, June 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. ICF International's dividend payout ratio is presently 9.61%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on ICFI shares. Canaccord Genuity Group reduced their target price on ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen downgraded shares of ICF International from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Truist Financial lowered their target price on shares of ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Barrington Research dropped their target price on shares of ICF International from $174.00 to $102.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $127.20.
Get Our Latest Stock Analysis on ICFI
About ICF International
(
Free Report)
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.
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