SG Americas Securities LLC Acquires 12,761 Shares of ICF International, Inc. (NASDAQ:ICFI)

SG Americas Securities LLC boosted its holdings in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 1,156.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,864 shares of the business services provider's stock after purchasing an additional 12,761 shares during the quarter. SG Americas Securities LLC owned about 0.08% of ICF International worth $1,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ICFI. Rhumbline Advisers grew its holdings in ICF International by 17.0% during the 4th quarter. Rhumbline Advisers now owns 30,630 shares of the business services provider's stock valued at $3,651,000 after buying an additional 4,457 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of ICF International by 23,974.1% in the 1st quarter. GAMMA Investing LLC now owns 13,000 shares of the business services provider's stock worth $11,050,000 after buying an additional 12,946 shares during the period. Hillsdale Investment Management Inc. lifted its holdings 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 worth $3,655,000 after buying an additional 30,620 shares during the period. Jump Financial LLC lifted its holdings in shares of ICF International by 107.1% in the 4th quarter. Jump Financial LLC now owns 18,843 shares of the business services provider's stock worth $2,246,000 after buying an additional 9,743 shares during the period. Finally, Millstone Evans Group LLC purchased a new stake in shares of ICF International in the 4th quarter worth $447,000. Institutional investors own 94.12% of the company's stock.

ICF International Stock Performance

NASDAQ ICFI opened at $86.08 on Tuesday. The company has a market cap of $1.58 billion, a PE ratio of 15.13 and a beta of 0.51. The stock's 50 day simple moving average is $84.95 and its 200-day simple moving average is $100.32. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21.

ICF International (NASDAQ:ICFI - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $487.62 million for the quarter, compared to the consensus estimate of $487.28 million. During the same quarter last year, the business posted $1.77 earnings per share. The business's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, June 6th. ICF International's dividend payout ratio (DPR) is currently 9.61%.

Wall Street Analyst Weigh In

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

Insider Activity at ICF International

In other news, Director Scott B. Salmirs acquired 1,250 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average price of $83.98 per share, with a total value of $104,975.00. Following the completion of the acquisition, the director now owns 7,653 shares of the company's stock, valued at $642,698.94. This trade represents a 19.52% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Randall Mehl bought 2,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were acquired at an average cost of $84.40 per share, with a total value of $168,800.00. Following the purchase, the director now owns 17,754 shares of the company's stock, valued at $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 insiders.

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.

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