ICF International, Inc. (NASDAQ:ICFI) Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC lifted its position in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 222,711 shares of the business services provider's stock after buying an additional 10,848 shares during the period. ICF International comprises 1.7% of Tributary Capital Management LLC's portfolio, making the stock its 23rd largest holding. Tributary Capital Management LLC owned about 1.21% of ICF International worth $18,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in ICF International in the 4th quarter worth approximately $149,000. Cibc World Markets Corp purchased a new stake in shares of ICF International in the 4th quarter worth $208,000. Ethic Inc. purchased a new stake in shares of ICF International in the 4th quarter worth approximately $292,000. Millstone Evans Group LLC bought a new stake in ICF International during the fourth quarter valued at about $447,000. Finally, Martingale Asset Management L P raised its stake in shares of ICF International by 103.0% during the 4th quarter. Martingale Asset Management L P now owns 6,899 shares of the business services provider's stock worth $822,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

Insider Buying and Selling

In related news, Director Randall Mehl bought 2,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were purchased at an average cost of $84.40 per share, for a total transaction of $168,800.00. Following the acquisition, the director owned 17,754 shares of the company's stock, valued at approximately $1,498,437.60. This represents a 12.70% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott B. Salmirs bought 1,250 shares of the company's stock in a transaction 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 transaction, the director directly owned 7,653 shares of the company's stock, valued at approximately $642,698.94. The trade was a 19.52% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.39% of the company's stock.

ICF International Stock Down 1.4%

Shares of ICFI traded down $1.21 during midday trading on Friday, reaching $83.48. 110,879 shares of the company were exchanged, compared to its average volume of 199,255. The stock has a 50-day moving average price of $85.93 and a 200-day moving average price of $93.78. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.53. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 14.32 and a beta of 0.50.

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

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 6th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, June 6th. ICF International's dividend payout ratio (DPR) is 9.61%.

Analyst Upgrades and Downgrades

ICFI has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target 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 lowered ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Truist Financial decreased their target price on ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Barrington Research reiterated an "outperform" rating and set a $102.00 price target on shares of ICF International in a research report on Wednesday, June 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $127.20.

ICF International 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.