SG Americas Securities LLC Raises Stake in ICF International, Inc. (NASDAQ:ICFI)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Torray Investment Partners LLC grew its position in ICF International by 1.2% during the 4th quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider's stock valued at $1,562,000 after purchasing an additional 152 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of ICF International by 1.0% in the 4th quarter. Russell Investments Group Ltd. now owns 21,065 shares of the business services provider's stock worth $2,511,000 after purchasing an additional 218 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of ICF International by 8.3% during the 4th quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider's stock worth $623,000 after acquiring an additional 400 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of ICF International by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider's stock valued at $1,358,000 after buying an additional 626 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of ICF International in the fourth quarter worth $149,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ICFI shares. Barrington Research reiterated an "outperform" rating and set a $102.00 price objective on shares of ICF International in a research report on Wednesday, June 11th. Canaccord Genuity Group lowered their target price on shares of ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Truist Financial decreased their price objective on ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Wall Street Zen lowered shares of ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.20.

Insider Transactions at ICF International

In other news, Director Randall Mehl acquired 2,000 shares of ICF International stock in a transaction 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 purchase, the director now owns 17,754 shares in the company, valued at $1,498,437.60. This represents a 12.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Scott B. Salmirs acquired 1,250 shares of the company's stock in a transaction on Friday, June 6th. The stock was purchased at an average cost of $83.98 per share, for a total transaction of $104,975.00. Following the completion of the purchase, the director now directly owns 7,653 shares in the company, valued at $642,698.94. This trade represents a 19.52% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.48% of the company's stock.

ICF International Stock Performance

NASDAQ:ICFI traded down $1.30 during trading hours on Friday, reaching $83.02. The company had a trading volume of 87,982 shares, compared to its average volume of 263,521. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $1.53 billion, a PE ratio of 14.19 and a beta of 0.51. The business's 50 day moving average price is $85.05 and its 200-day moving average price is $99.75. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $487.62 million during the quarter, compared to the consensus estimate of $487.28 million. ICF International had a return on equity of 14.84% and a net margin of 5.45%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 EPS. Research analysts forecast that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, June 6th. ICF International's dividend payout ratio is presently 9.61%.

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.