Systematic Financial Management LP Sells 30,770 Shares of ICF International, Inc. $ICFI

Key Points

• Systematic Financial Management LP reduced its stake in ICF International by 12.8%, selling 30,770 shares and now holding a total of 208,720 shares worth approximately $17.7 million.
• ICF International reported quarterly earnings of $1.66 EPS, exceeding estimates by $0.03, although their revenue decreased by 7.2% year-over-year.
• The company announced a quarterly dividend of $0.14 per share, with an annualized dividend yield of 0.6% set to be distributed on October 10th.

Systematic Financial Management LP lessened its holdings in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 12.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 208,720 shares of the business services provider's stock after selling 30,770 shares during the quarter. Systematic Financial Management LP owned approximately 1.13% of ICF International worth $17,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Third Avenue Management LLC boosted its stake in ICF International by 6.4% during the 1st quarter. Third Avenue Management LLC now owns 47,024 shares of the business services provider's stock worth $3,996,000 after acquiring an additional 2,836 shares during the last quarter. Quantbot Technologies LP raised its holdings in ICF International by 25.7% during the 1st quarter. Quantbot Technologies LP now owns 35,592 shares of the business services provider's stock worth $3,024,000 after buying an additional 7,282 shares during the period. Entropy Technologies LP acquired a new stake in ICF International during the 1st quarter worth approximately $661,000. Zions Bancorporation National Association UT acquired a new stake in ICF International during the 1st quarter worth approximately $1,671,000. Finally, Tributary Capital Management LLC raised its holdings in ICF International by 5.1% during the 1st quarter. Tributary Capital Management LLC now owns 222,711 shares of the business services provider's stock worth $18,924,000 after buying an additional 10,848 shares during the period. Institutional investors own 94.12% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on ICFI shares. Canaccord Genuity Group dropped their target price on shares of ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded shares of ICF International from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Barrington Research raised their target price on shares of ICF International from $102.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.20.

Insiders Place Their Bets

In other news, Director Scott B. Salmirs bought 1,250 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average cost of $83.98 per share, for a total transaction of $104,975.00. Following the completion of the acquisition, the director owned 7,653 shares in the company, valued at approximately $642,698.94. This represents a 19.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Randall Mehl bought 2,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average price of $84.40 per share, for a total transaction of $168,800.00. Following the completion of 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 disclosure for this purchase can be found here. 1.39% of the stock is currently owned by insiders.

ICF International Stock Up 0.9%

Shares of NASDAQ ICFI traded up $0.91 during midday trading on Wednesday, reaching $99.85. The company's stock had a trading volume of 101,226 shares, compared to its average volume of 241,292. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47. ICF International, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $179.67. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 17.37 and a beta of 0.49. The stock has a 50 day simple moving average of $89.26 and a 200-day simple moving average of $88.30.

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

ICF International Announces Dividend

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