Zions Bancorporation National Association UT Acquires Shares of 19,670 ICF International, Inc. (NASDAQ:ICFI)

Key Points

• Zions Bancorporation National Association UT acquired 19,670 shares of ICF International, Inc., valued at approximately $1.67 million, representing a 0.11% ownership stake in the company.
• Insider transactions include Director Randall Mehl purchasing 2,000 shares and Director Scott B. Salmirs acquiring 1,250 shares, both increasing their ownership percentages significantly.
• ICF International announced a quarterly dividend of $0.14 per share, with a dividend yield of 0.6%, and reported a decrease in revenue compared to the same quarter last year.

Zions Bancorporation National Association UT purchased a new position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,670 shares of the business services provider's stock, valued at approximately $1,671,000. Zions Bancorporation National Association UT owned about 0.11% of ICF International as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of ICF International during the fourth quarter worth about $149,000. Ethic Inc. bought a new position in ICF International in the fourth quarter worth about $292,000. Martingale Asset Management L P lifted its holdings in ICF International by 103.0% in the fourth 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 during the last quarter. SG Americas Securities LLC lifted its holdings in ICF International by 1,156.9% in 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 last quarter. Finally, MetLife Investment Management LLC lifted its holdings in ICF International by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider's stock worth $1,358,000 after acquiring an additional 626 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Insider Buying and Selling

In related news, Director Randall Mehl acquired 2,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were acquired 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 directly owned 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Scott B. Salmirs acquired 1,250 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were bought at an average price of $83.98 per share, for a total transaction of $104,975.00. Following the purchase, the director directly owned 7,653 shares of the company's stock, valued at approximately $642,698.94. This trade represents a 19.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.48% of the stock is owned by company insiders.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $94.84 on Friday. The firm's 50 day moving average is $86.07 and its two-hundred day moving average is $90.09. ICF International, Inc. has a 52 week low of $75.91 and a 52 week high of $179.67. The firm has a market capitalization of $1.75 billion, a P/E ratio of 16.49 and a beta of 0.49. The company has a current ratio of 1.29, a quick ratio of 1.34 and a debt-to-equity ratio of 0.47.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.63 by $0.03. ICF International had a net margin of 5.45% and a return on equity of 14.50%. The company had revenue of $476.16 million for the quarter, compared to analyst estimates of $482.84 million. During the same quarter last year, the business earned $1.69 earnings per share. ICF International's revenue was down 7.2% compared to the same quarter last year. Analysts anticipate that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 5th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 5th. ICF International's dividend payout ratio (DPR) is currently 9.74%.

Analysts Set New Price Targets

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

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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