Russell Investments Group Ltd. Sells 20,196 Shares of ICF International, Inc. $ICFI

Key Points

• Russell Investments Group Ltd. significantly reduced its stake in ICF International, owning only 869 shares worth $74,000 after selling 20,196 shares, a decrease of 95.9% in the first quarter.
• ICF International's stock opened at $96.17, down 3.6%, with a market capitalization of $1.77 billion and an earnings per share of $1.66 for the most recent quarter.
• The company declared a quarterly dividend of $0.14, with an annualized yield of 0.6%, payable on October 10th to shareholders of record as of September 5th.

Russell Investments Group Ltd. cut its holdings in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 95.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 869 shares of the business services provider's stock after selling 20,196 shares during the period. Russell Investments Group Ltd.'s holdings in ICF International were worth $74,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ethic Inc. bought a new stake in shares of ICF International during the 4th quarter valued at $292,000. Entropy Technologies LP purchased a new position in ICF International during the first quarter valued at $661,000. SG Americas Securities LLC grew 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 valued at $1,178,000 after acquiring an additional 12,761 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in ICF International during the first quarter valued at $1,671,000. Finally, BNP Paribas Financial Markets grew its stake in 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 valued at $10,756,000 after acquiring an additional 72,595 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research raised their target price on shares of ICF International from $102.00 to $107.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $128.20.

ICF International Trading Down 0.6%

Shares of ICFI stock traded down $0.60 during trading hours on Tuesday, reaching $94.90. 18,424 shares of the stock were exchanged, compared to its average volume of 235,496. ICF International, Inc. has a 12-month low of $75.91 and a 12-month 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 company's 50-day moving average price is $91.63 and its 200-day moving average price is $87.55. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 16.46 and a beta of 0.51.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.66 EPS for the quarter, topping 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 firm had revenue of $476.16 million during the quarter, compared to analysts' expectations of $482.84 million. During the same period in the previous year, the company earned $1.69 EPS. The firm's revenue for the quarter was down 7.2% compared to the same quarter last year. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. As a group, equities analysts anticipate that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

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