ICF International, Inc. $ICFI Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its holdings in ICF International by 25.7%, acquiring an additional 7,282 shares, bringing its total ownership to 35,592 shares valued at approximately $3.02 million.
• ICF International reported quarterly earnings of $1.66 per share, slightly above estimates, but experienced a 7.2% decline in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.14 per share, with an ex-dividend date set for September 5th, representing a yield of 0.6%.

Quantbot Technologies LP grew its position in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,592 shares of the business services provider's stock after buying an additional 7,282 shares during the period. Quantbot Technologies LP owned 0.19% of ICF International worth $3,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ICFI. BI Asset Management Fondsmaeglerselskab A S purchased a new position in ICF International in the fourth quarter worth approximately $149,000. Ethic Inc. acquired a new stake in shares of ICF International during the 4th quarter worth about $292,000. Entropy Technologies LP purchased a new stake in ICF International in the 1st quarter valued at about $661,000. SG Americas Securities LLC boosted its stake in 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 buying an additional 12,761 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of ICF International by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider's stock valued at $1,358,000 after acquiring an additional 626 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Activity at ICF International

In related news, Director Scott B. Salmirs acquired 1,250 shares of ICF International stock in a transaction dated Friday, June 6th. The stock was acquired at an average price of $83.98 per share, for a total transaction of $104,975.00. Following the transaction, the director owned 7,653 shares of the company's stock, valued at $642,698.94. This represents a 19.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Randall Mehl bought 2,000 shares of the stock in a transaction dated Monday, June 9th. The stock was bought at an average price of $84.40 per share, with a total value of $168,800.00. Following the acquisition, the director 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. Corporate insiders own 1.39% of the company's stock.

ICF International Stock Up 0.2%

NASDAQ:ICFI traded up $0.21 during trading hours on Tuesday, hitting $98.94. The company's stock had a trading volume of 105,848 shares, compared to its average volume of 227,237. ICF International, Inc. has a 52-week low of $75.91 and a 52-week high of $179.67. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.82 billion, a P/E ratio of 17.21 and a beta of 0.49. The stock has a fifty day moving average of $89.26 and a 200-day moving average of $88.30.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.03. ICF International had a return on equity of 14.50% and a net margin of 5.45%.The company had revenue of $476.16 million during the quarter, compared to the consensus estimate of $482.84 million. During the same period in the previous year, the business earned $1.69 EPS. ICF International's revenue for the quarter was down 7.2% on a year-over-year basis. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. On average, equities analysts forecast that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen lowered ICF International from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Barrington Research lifted their target price on ICF International from $102.00 to $107.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Finally, Canaccord Genuity Group cut their price target on ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, ICF International currently has an average rating of "Moderate Buy" and an average target price of $128.20.

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.