Russell Investments Group Ltd. Cuts Stock Position in 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. reduced its position in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 95.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ICFI. Ethic Inc. bought a new position in ICF International during the 4th quarter valued at about $292,000. Entropy Technologies LP bought a new position in ICF International during the 1st quarter valued at about $661,000. SG Americas Securities LLC raised its stake in ICF International by 1,156.9% during the 1st quarter. SG Americas Securities LLC now owns 13,864 shares of the business services provider's stock valued at $1,178,000 after buying an additional 12,761 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in ICF International during the 1st quarter valued at $1,671,000. Finally, BNP Paribas Financial Markets raised its stake in 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 valued at $10,756,000 after buying an additional 72,595 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lifted their price objective on ICF International from $102.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $128.20.

Insider Activity at ICF International

In other news, Director Randall Mehl bought 2,000 shares of ICF International stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average cost of $84.40 per share, with a total value of $168,800.00. Following the acquisition, the director owned 17,754 shares of the company's stock, valued at $1,498,437.60. The trade was a 12.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.48% of the stock is owned by company insiders.

ICF International Stock Performance

Shares of ICFI traded up $0.89 during trading hours on Friday, hitting $95.21. The stock had a trading volume of 116,774 shares, compared to its average volume of 166,996. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $1.75 billion, a PE ratio of 16.56 and a beta of 0.51. ICF International, Inc. has a 12 month low of $75.91 and a 12 month high of $179.67. The stock has a fifty day moving average price of $91.42 and a 200 day moving average price of $87.67.

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

ICF International Announces Dividend

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

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.