Peregrine Capital Management LLC Reduces Position in ICF International, Inc. (NASDAQ:ICFI)

Peregrine Capital Management LLC cut its stake in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,043 shares of the business services provider's stock after selling 22,725 shares during the period. Peregrine Capital Management LLC owned approximately 0.56% of ICF International worth $14,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Captrust Financial Advisors lifted its position in shares of ICF International by 27.0% in the 2nd quarter. Captrust Financial Advisors now owns 447 shares of the business services provider's stock valued at $43,000 after acquiring an additional 95 shares in the last quarter. First Horizon Advisors Inc. grew its stake in ICF International by 14.3% in the 1st quarter. First Horizon Advisors Inc. now owns 711 shares of the business services provider's stock valued at $78,000 after buying an additional 89 shares during the last quarter. Quantbot Technologies LP acquired a new stake in ICF International in the 2nd quarter worth $114,000. First National Advisers LLC acquired a new stake in ICF International in the 3rd quarter worth $202,000. Finally, Ensign Peak Advisors Inc acquired a new stake in ICF International in the 3rd quarter worth $277,000. 94.12% of the stock is currently owned by institutional investors.

ICF International Trading Down 1.5 %

Shares of NASDAQ:ICFI traded down $2.19 during trading on Tuesday, hitting $143.89. 63,951 shares of the company's stock were exchanged, compared to its average volume of 95,590. ICF International, Inc. has a 1-year low of $105.18 and a 1-year high of $158.00. The firm has a 50-day moving average price of $149.73 and a two-hundred day moving average price of $137.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.69 billion, a P/E ratio of 33.08 and a beta of 0.60.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.04. The firm had revenue of $478.35 million during the quarter, compared to analysts' expectations of $480.75 million. ICF International had a net margin of 4.21% and a return on equity of 13.94%. 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 company earned $1.56 earnings per share. Equities analysts predict that ICF International, Inc. will post 6.77 earnings per share for the current year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 22nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, March 21st. ICF International's payout ratio is currently 12.87%.

Insider Buying and Selling at ICF International

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

Analysts Set New Price Targets

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

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.