Zions Bancorporation National Association UT Takes $1.67 Million Position in 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 bought a new stake in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 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 SEC.

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 position in ICF International during the 4th quarter worth about $149,000. Ethic Inc. acquired a new position in shares of ICF International during the 4th quarter worth about $292,000. Martingale Asset Management L P boosted 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 buying an additional 3,500 shares during the last quarter. MetLife Investment Management LLC boosted its stake 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 worth $1,358,000 after buying an additional 626 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of ICF International by 23,974.1% during the 1st quarter. GAMMA Investing LLC now owns 13,000 shares of the business services provider's stock worth $11,050,000 after buying an additional 12,946 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ICFI. Canaccord Genuity Group reduced their price objective 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. Wall Street Zen cut shares of ICF International from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Barrington Research increased their price target on shares of ICF International from $102.00 to $107.00 and gave the company an "outperform" rating in a report on Monday. 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.20.

ICF International Price Performance

NASDAQ:ICFI traded down $1.60 during mid-day trading on Thursday, reaching $98.06. The stock had a trading volume of 70,018 shares, compared to its average volume of 245,141. The stock has a 50-day simple moving average of $86.88 and a two-hundred day simple moving average of $89.74. The stock has a market capitalization of $1.81 billion, a PE ratio of 17.03 and a beta of 0.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 1.29. ICF International, Inc. has a 12 month low of $75.91 and a 12 month high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last announced 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. ICF International had a net margin of 5.45% and a return on equity of 14.50%. The business had revenue of $476.16 million for the quarter, compared to analysts' expectations of $482.84 million. During the same period last year, the firm posted $1.69 earnings per share. The firm's quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 5th will be given a $0.14 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.56 dividend on an annualized basis and a yield of 0.6%. ICF International's dividend payout ratio (DPR) is currently 9.74%.

Insider Buying and Selling

In other ICF International news, Director Scott B. Salmirs purchased 1,250 shares of the business's stock in a transaction dated 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 completion of the acquisition, the director owned 7,653 shares in the company, valued at approximately $642,698.94. This trade represents a 19.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Randall Mehl bought 2,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price 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 $1,498,437.60. This trade represents a 12.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.48% of the company's stock.

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.