Trust Point Inc. Invests $995,000 in ICF International, Inc. (NASDAQ:ICFI)

Trust Point Inc. acquired a new position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,423 shares of the business services provider's stock, valued at approximately $995,000.

Other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of ICF International by 27.0% during the 2nd quarter. Captrust Financial Advisors now owns 447 shares of the business services provider's stock worth $43,000 after purchasing an additional 95 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of ICF International by 14.3% during the 1st quarter. First Horizon Advisors Inc. now owns 711 shares of the business services provider's stock valued at $78,000 after acquiring an additional 89 shares during the last quarter. Quantbot Technologies LP bought a new stake in ICF International in the 2nd quarter worth approximately $114,000. First National Advisers LLC bought a new stake in ICF International in the 3rd quarter worth approximately $202,000. Finally, Ensign Peak Advisors Inc purchased a new position in ICF International in the 3rd quarter worth approximately $277,000. Institutional investors own 94.12% of the company's stock.

ICF International Price Performance

ICF International stock traded down $1.05 during mid-day trading on Thursday, hitting $146.32. 84,441 shares of the company were exchanged, compared to its average volume of 96,401. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07. The business's 50 day simple moving average is $149.52 and its two-hundred day simple moving average is $137.15. The company has a market capitalization of $2.74 billion, a P/E ratio of 33.64 and a beta of 0.60. ICF International, Inc. has a 12-month low of $105.18 and a 12-month high of $158.00.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.04. The business had revenue of $478.35 million during the quarter, compared to the consensus estimate of $480.75 million. ICF International had a return on equity of 13.94% and a net margin of 4.21%. The business's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 earnings per share. Analysts forecast that ICF International, Inc. will post 6.77 earnings per share for the current fiscal year.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 22nd will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, March 21st. ICF International's dividend payout ratio (DPR) is 12.87%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ICFI shares. Canaccord Genuity Group reissued a "buy" rating and issued a $170.00 target price on shares of ICF International in a report on Tuesday, February 20th. Truist Financial boosted their target price on ICF International from $148.00 to $168.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. Finally, Barrington Research boosted their price objective on ICF International from $145.00 to $173.00 and gave the company an "outperform" rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, ICF International has a consensus rating of "Moderate Buy" and a consensus price target of $162.75.

Insider Buying and Selling

In other news, COO James C. M. Morgan sold 2,400 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total value of $372,408.00. Following the completion of the sale, the chief operating officer now owns 39,814 shares in the company, valued at $6,177,938.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ICF International news, insider James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $137.55, for a total transaction of $343,875.00. Following the completion of the sale, the insider now owns 42,314 shares of the company's stock, valued at approximately $5,820,290.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James C. M. Morgan sold 2,400 shares of ICF International stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total transaction of $372,408.00. Following the transaction, the chief operating officer now directly owns 39,814 shares in the company, valued at $6,177,938.38. The disclosure for this sale can be found here. Corporate insiders own 1.38% of the company's stock.

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.