Systematic Financial Management LP Has $17.74 Million Position in 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 reduced its holdings in shares of 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 (SEC). The institutional investor owned 208,720 shares of the business services provider's stock after selling 30,770 shares during the period. Systematic Financial Management LP owned approximately 1.13% of ICF International worth $17,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ICFI. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of ICF International during the fourth quarter worth about $149,000. Ethic Inc. acquired a new stake in ICF International during the fourth quarter worth about $292,000. Entropy Technologies LP acquired a new stake in ICF International during the first quarter worth about $661,000. SG Americas Securities LLC grew its holdings 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 worth $1,178,000 after acquiring an additional 12,761 shares during the period. Finally, MetLife Investment Management LLC boosted its position in ICF International by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider's stock worth $1,358,000 after purchasing an additional 626 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ICFI shares. Barrington Research boosted their price objective on ICF International from $102.00 to $107.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Canaccord Genuity Group lowered their price objective on ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen cut ICF International from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $128.20.

Insiders Place Their Bets

In other ICF International news, Director Randall Mehl acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost 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 approximately $1,498,437.60. This trade represents a 12.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott B. Salmirs purchased 1,250 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average cost of $83.98 per share, with a total value of $104,975.00. Following the transaction, the director directly owned 7,653 shares of the company's stock, valued at approximately $642,698.94. This represents a 19.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.48% of the company's stock.

ICF International Price Performance

ICFI traded down $1.94 during trading on Thursday, reaching $97.91. The stock had a trading volume of 53,506 shares, compared to its average volume of 240,127. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 17.02 and a beta of 0.49. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67. The stock has a 50 day moving average of $89.57 and a two-hundred day moving average of $88.38.

ICF International (NASDAQ:ICFI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.03. The firm had revenue of $476.16 million during the quarter, compared to the consensus estimate of $482.84 million. ICF International had a return on equity of 14.50% and a net margin of 5.45%.The firm's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 earnings per share. 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 EPS for the current fiscal year.

ICF International Dividend Announcement

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