Martingale Asset Management L P Has $822,000 Stock Position in ICF International, Inc. (NASDAQ:ICFI)

Martingale Asset Management L P boosted its position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 103.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,899 shares of the business services provider's stock after acquiring an additional 3,500 shares during the period. Martingale Asset Management L P's holdings in ICF International were worth $822,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ICFI. Geode Capital Management LLC boosted its stake in ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider's stock valued at $73,566,000 after purchasing an additional 18,109 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of ICF International in the third quarter valued at approximately $734,000. Rhumbline Advisers grew its stake in shares of ICF International by 17.0% in the fourth quarter. Rhumbline Advisers now owns 30,630 shares of the business services provider's stock worth $3,651,000 after acquiring an additional 4,457 shares during the last quarter. Argent Capital Management LLC increased its position in ICF International by 15.7% during the fourth quarter. Argent Capital Management LLC now owns 33,425 shares of the business services provider's stock worth $3,985,000 after acquiring an additional 4,545 shares during the period. Finally, Hillsdale Investment Management Inc. grew its position in ICF International by 76,550.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock worth $3,655,000 after purchasing an additional 30,620 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ICFI. Canaccord Genuity Group reiterated a "hold" rating and issued a $100.00 target price (down previously from $200.00) on shares of ICF International in a research note on Friday, February 28th. StockNews.com upgraded ICF International from a "hold" rating to a "buy" rating in a research note on Saturday, March 29th. Barrington Research decreased their price target on shares of ICF International from $174.00 to $102.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Finally, Truist Financial reduced their price objective on shares of ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.20.

ICF International Price Performance

Shares of NASDAQ:ICFI traded up $0.19 on Friday, hitting $82.98. The stock had a trading volume of 231,015 shares, compared to its average volume of 180,957. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.58 and a beta of 0.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm's 50 day moving average price is $89.31 and its 200-day moving average price is $122.95. ICF International, Inc. has a twelve month low of $75.91 and a twelve month high of $179.67.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Friday, March 28th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, March 28th. ICF International's payout ratio is 9.61%.

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.