GW&K Investment Management LLC Lowers Position in ICF International, Inc. (NASDAQ:ICFI)

GW&K Investment Management LLC reduced its stake in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 99.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 784 shares of the business services provider's stock after selling 219,107 shares during the quarter. GW&K Investment Management LLC's holdings in ICF International were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Tributary Capital Management LLC lifted its holdings in shares of ICF International by 5.1% in the 1st quarter. Tributary Capital Management LLC now owns 222,711 shares of the business services provider's stock valued at $18,924,000 after acquiring an additional 10,848 shares during the last quarter. SG Americas Securities LLC increased its position in shares of ICF International by 1,156.9% during the first quarter. SG Americas Securities LLC now owns 13,864 shares of the business services provider's stock worth $1,178,000 after acquiring an additional 12,761 shares during the period. GAMMA Investing LLC increased its position in shares of ICF International by 23,974.1% during the first quarter. GAMMA Investing LLC now owns 13,000 shares of the business services provider's stock worth $11,050,000 after acquiring an additional 12,946 shares during the period. Ethic Inc. purchased a new position in ICF International during the fourth quarter valued at approximately $292,000. Finally, BNP Paribas Financial Markets increased its holdings in ICF International by 411.7% during the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider's stock valued at $10,756,000 after buying an additional 72,595 shares during the period. 94.12% of the stock is owned by institutional investors.

ICF International Price Performance

NASDAQ ICFI traded down $0.52 during trading hours on Thursday, hitting $86.20. 91,584 shares of the company's stock traded hands, compared to its average volume of 162,571. ICF International, Inc. has a 52-week low of $75.91 and a 52-week high of $179.67. The company has a market capitalization of $1.59 billion, a PE ratio of 14.79 and a beta of 0.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.34. The firm's 50-day moving average is $85.78 and its 200-day moving average is $93.22.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. ICF International had a net margin of 5.45% and a return on equity of 14.84%. The business had revenue of $487.62 million during the quarter, compared to analysts' expectations of $487.28 million. During the same quarter in the prior year, the company posted $1.77 EPS. The business's revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts forecast that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 6th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, June 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. ICF International's dividend payout ratio (DPR) is presently 9.61%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen lowered shares of ICF International from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Canaccord Genuity Group decreased their price objective 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. Truist Financial decreased 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. Finally, Barrington Research reiterated an "outperform" rating and issued a $102.00 price objective on shares of ICF International in a research report on Wednesday, June 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $127.20.

Insider Buying and Selling

In other news, Director Scott B. Salmirs acquired 1,250 shares of ICF International stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of $83.98 per share, for a total transaction of $104,975.00. Following the acquisition, the director owned 7,653 shares of the company's stock, valued at $642,698.94. This trade represents a 19.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Randall Mehl acquired 2,000 shares of ICF International stock in a transaction dated Monday, June 9th. The stock was purchased at an average price of $84.40 per share, for a total transaction of $168,800.00. Following the completion of the acquisition, the director directly owned 17,754 shares in the company, valued at approximately $1,498,437.60. This represents a 12.70% increase in their position. The disclosure for this purchase can be found here. 1.48% of the stock is owned by corporate insiders.

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.