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

Peregrine Capital Management LLC lessened its position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 98.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

A number of other large investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in ICF International by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 442,995 shares of the business services provider's stock worth $52,822,000 after buying an additional 2,010 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of ICF International by 411.7% during the 4th 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 period. Tudor Investment Corp ET AL raised its position in shares of 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 purchasing an additional 72,502 shares during the period. Marshall Wace LLP raised its position in shares of ICF International by 2,331.0% during 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 period. Finally, Hillsdale Investment Management Inc. raised its position in shares of ICF International by 76,550.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock worth $3,655,000 after purchasing an additional 30,620 shares during the period. Institutional investors own 94.12% of the company's stock.

ICF International Stock Performance

ICFI traded up $0.28 during trading hours on Friday, hitting $88.54. The company's stock had a trading volume of 53,345 shares, compared to its average volume of 200,659. ICF International, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $179.67. 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 firm has a market capitalization of $1.63 billion, a PE ratio of 15.19 and a beta of 0.50. The company has a 50-day simple moving average of $85.47 and a 200 day simple moving average of $96.19.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $487.62 million for the quarter, compared to analysts' expectations of $487.28 million. ICF International had a return on equity of 14.84% and a net margin of 5.45%. The firm's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.77 EPS. As a group, sell-side analysts expect that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Announces Dividend

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. This represents a $0.56 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, June 6th. ICF International's dividend payout ratio (DPR) is presently 9.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ICFI. Truist Financial dropped their price target on ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Canaccord Genuity Group dropped their price target 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. Barrington Research reiterated an "outperform" rating and set a $102.00 price target on shares of ICF International in a research report on Wednesday, June 11th. Finally, Wall Street Zen cut ICF International from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.20.

Insider Buying and Selling at ICF International

In other news, Director Scott B. Salmirs purchased 1,250 shares of the stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of $83.98 per share, for a total transaction of $104,975.00. Following the transaction, the director owned 7,653 shares in the company, valued at $642,698.94. This trade represents a 19.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Randall Mehl bought 2,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was bought 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. The trade was a 12.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.48% of the stock is currently owned by company insiders.

ICF International Company 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.