ICF International, Inc. (NASDAQ:ICFI) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its holdings in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 98.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,400 shares of the business services provider's stock after selling 81,512 shares during the period. Peregrine Capital Management LLC's holdings in ICF International were worth $119,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of 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 worth $10,756,000 after buying an additional 72,595 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in ICF International by 5,171.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider's stock worth $8,810,000 after acquiring an additional 72,502 shares in the last quarter. Marshall Wace LLP increased its position in shares of ICF International by 2,331.0% in the 4th quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider's stock worth $7,770,000 after purchasing an additional 62,495 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of ICF International by 76,550.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock valued at $3,655,000 after purchasing an additional 30,620 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of ICF International by 453.9% in the 4th quarter. Quantbot Technologies LP now owns 28,310 shares of the business services provider's stock valued at $3,375,000 after purchasing an additional 23,199 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Randall Mehl purchased 2,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were bought at an average price of $84.40 per share, for a total transaction of $168,800.00. Following the completion of the purchase, the director owned 17,754 shares of the company's stock, valued at $1,498,437.60. This trade represents a 12.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 approximately $642,698.94. This trade represents a 19.52% increase in their position. The disclosure for this purchase can be found here. 1.39% of the stock is currently owned by corporate insiders.

ICF International Stock Performance

NASDAQ ICFI traded up $1.10 during trading hours on Wednesday, reaching $88.26. The company's stock had a trading volume of 101,802 shares, compared to its average volume of 199,952. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $85.28 and a 200 day simple moving average of $96.95. ICF International, Inc. has a 52 week low of $75.91 and a 52 week high of $179.67. The stock has a market cap of $1.62 billion, a PE ratio of 15.14 and a beta of 0.50.

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

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders 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 annualized dividend and a dividend yield of 0.63%. ICF International's dividend payout ratio is currently 9.61%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Canaccord Genuity Group lowered their price objective on ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Barrington Research reiterated an "outperform" rating and issued a $102.00 target price on shares of ICF International in a research report on Wednesday, June 11th. Wall Street Zen lowered ICF International from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Truist Financial reduced their price objective on ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, ICF International presently has a consensus rating of "Moderate Buy" and an average target price of $127.20.

About ICF International

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.