Lord Abbett & CO. LLC Has $19.93 Million Stock Position in ICF International, Inc. (NASDAQ:ICFI)

Lord Abbett & CO. LLC lessened its holdings in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,149 shares of the business services provider's stock after selling 56,101 shares during the quarter. Lord Abbett & CO. LLC owned 0.89% of ICF International worth $19,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ICFI. Wilmington Savings Fund Society FSB purchased a new stake in ICF International in the third quarter worth approximately $734,000. Rhumbline Advisers grew its position in ICF International by 17.0% during the 4th quarter. Rhumbline Advisers now owns 30,630 shares of the business services provider's stock valued at $3,651,000 after purchasing an additional 4,457 shares during the last quarter. Argent Capital Management LLC boosted its position in shares of 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 valued at $3,985,000 after buying an additional 4,545 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of ICF International by 76,550.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock valued at $3,655,000 after buying an additional 30,620 shares during the period. Finally, Tributary Capital Management LLC increased its holdings in ICF International by 10.9% during the fourth quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider's stock valued at $25,256,000 after buying an additional 20,861 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ICFI. Canaccord Genuity Group reissued a "hold" rating and set a $100.00 target price (down previously from $200.00) on shares of ICF International in a research report on Friday, February 28th. Truist Financial dropped their price target on ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. StockNews.com raised shares of ICF International from a "hold" rating to a "buy" rating in a research note on Saturday, March 29th. Finally, Barrington Research reduced their target price on ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $129.20.

ICF International Price Performance

Shares of NASDAQ:ICFI traded down $5.10 during trading on Friday, reaching $80.19. The company had a trading volume of 197,008 shares, compared to its average volume of 185,937. The firm has a market capitalization of $1.48 billion, a PE ratio of 14.05 and a beta of 0.49. ICF International, Inc. has a twelve month low of $75.91 and a twelve month high of $179.67. 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 fifty day moving average is $85.15 and its 200 day moving average is $117.29.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $487.62 million during the quarter, compared to analyst estimates of $487.28 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 EPS. On average, equities analysts forecast that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Friday, March 28th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Friday, March 28th. ICF International's payout ratio is presently 9.61%.

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.