Neumeier Poma Investment Counsel LLC Decreases Holdings in ICF International, Inc. (NASDAQ:ICFI)

Key Points

• Neumeier Poma Investment Counsel LLC reduced its stake in ICF International, Inc. by 14.1%, now holding 171,371 shares, which constitutes 1.6% of its investment portfolio.
• ICF International recently announced a quarterly dividend of $0.14, resulting in an annualized dividend yield of 0.6%.
• The company's quarterly earnings report showed an EPS of $1.66, exceeding analysts' estimates, despite a 7.2% decrease in revenue year-over-year.

Neumeier Poma Investment Counsel LLC lessened its position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 14.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,371 shares of the business services provider's stock after selling 28,135 shares during the period. ICF International comprises 1.6% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 28th largest position. Neumeier Poma Investment Counsel LLC owned approximately 0.93% of ICF International worth $14,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ICFI. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in ICF International in the fourth quarter valued at $149,000. Ethic Inc. acquired a new stake in ICF International in the fourth quarter valued at $292,000. Martingale Asset Management L P lifted its stake in ICF International by 103.0% in the fourth quarter. Martingale Asset Management L P now owns 6,899 shares of the business services provider's stock valued at $822,000 after acquiring an additional 3,500 shares during the last quarter. Oak Associates Ltd. OH lifted its stake in ICF International by 30.0% in the fourth quarter. Oak Associates Ltd. OH now owns 8,672 shares of the business services provider's stock valued at $1,034,000 after acquiring an additional 2,000 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in ICF International by 1,156.9% in the first quarter. SG Americas Securities LLC now owns 13,864 shares of the business services provider's stock valued at $1,178,000 after acquiring an additional 12,761 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on ICFI shares. Truist Financial dropped their price target on ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a report on Monday, April 14th. Barrington Research lifted their price target on shares of ICF International from $102.00 to $107.00 and gave the company an "outperform" rating in a report on Monday. Canaccord Genuity Group decreased their price target on shares of ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of ICF International from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and three 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 $128.20.

Insider Activity

In related news, Director Randall Mehl bought 2,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was acquired 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 in the company, valued at $1,498,437.60. This trade represents a 12.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Scott B. Salmirs bought 1,250 shares of the company's stock in a transaction on Friday, June 6th. The shares were bought at an average price of $83.98 per share, with a total value of $104,975.00. Following the completion of the transaction, the director owned 7,653 shares of the company's stock, valued at $642,698.94. The trade was 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 owned by company insiders.

ICF International Trading Down 0.9%

NASDAQ ICFI traded down $0.90 during mid-day trading on Monday, reaching $93.94. 70,497 shares of the stock were exchanged, compared to its average volume of 245,372. ICF International, Inc. has a one year low of $75.91 and a one year high of $179.67. The stock has a 50 day simple moving average of $86.07 and a 200-day simple moving average of $89.83. The stock has a market cap of $1.73 billion, a P/E ratio of 16.33 and a beta of 0.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 1.29.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.63 by $0.03. ICF International had a net margin of 5.45% and a return on equity of 14.50%. The company had revenue of $476.16 million during the quarter, compared to the consensus estimate of $482.84 million. During the same quarter in the prior year, the company posted $1.69 earnings per share. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. On average, analysts anticipate that ICF International, Inc. will post 7.44 EPS 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 $0.14 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.56 annualized dividend and a dividend yield of 0.6%. ICF International's dividend payout ratio (DPR) is presently 9.74%.

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.