Neumeier Poma Investment Counsel LLC Trims 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 trimmed its stake in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 14.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 investment portfolio, making the stock its 28th biggest holding. Neumeier Poma Investment Counsel LLC owned approximately 0.93% of ICF International worth $14,561,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ICFI. Geode Capital Management LLC raised its stake in shares of ICF International by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 442,995 shares of the business services provider's stock valued at $52,822,000 after acquiring an additional 2,010 shares during the period. Russell Investments Group Ltd. increased its stake in ICF International by 1.0% during the 4th quarter. Russell Investments Group Ltd. now owns 21,065 shares of the business services provider's stock worth $2,511,000 after buying an additional 218 shares during the period. Martingale Asset Management L P increased its stake in ICF International by 103.0% during the 4th quarter. Martingale Asset Management L P now owns 6,899 shares of the business services provider's stock worth $822,000 after buying an additional 3,500 shares during the period. Oak Associates Ltd. OH increased its stake in ICF International by 30.0% during the 4th quarter. Oak Associates Ltd. OH now owns 8,672 shares of the business services provider's stock worth $1,034,000 after buying an additional 2,000 shares during the period. Finally, Jump Financial LLC increased its stake in ICF International by 107.1% during the 4th quarter. Jump Financial LLC now owns 18,843 shares of the business services provider's stock worth $2,246,000 after buying an additional 9,743 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Trading Up 0.3%

Shares of NASDAQ:ICFI opened at $90.65 on Thursday. ICF International, Inc. has a 52 week low of $75.91 and a 52 week high of $179.67. The company's 50 day moving average is $85.77 and its two-hundred day moving average is $90.91. The company has a current ratio of 1.29, a quick ratio of 1.34 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.67 billion, a PE ratio of 15.77 and a beta of 0.49.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.66 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $482.84 million. During the same period in the prior year, the firm posted $1.69 EPS. The company's quarterly revenue was down 7.2% compared to the same quarter last year. Equities analysts predict that ICF International, Inc. will post 7.44 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 5th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 5th. ICF International's dividend payout ratio (DPR) is 9.74%.

Analyst Ratings Changes

ICFI has been the topic of several recent research reports. Truist Financial cut their target price on shares of ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Barrington Research reaffirmed an "outperform" rating and set a $102.00 target price on shares of ICF International in a research note on Wednesday, June 11th. Canaccord Genuity Group cut their target price on shares of ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $127.20.

Insiders Place Their Bets

In related news, Director Randall Mehl bought 2,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of $84.40 per share, with a total value of $168,800.00. Following the transaction, the director directly owned 17,754 shares of the company's stock, valued at approximately $1,498,437.60. This represents a 12.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott B. Salmirs bought 1,250 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost 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 in the company, valued at approximately $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. Company insiders own 1.48% of the company's stock.

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.

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