Strs Ohio Has $7.35 Million Holdings in ICF International, Inc. (NASDAQ:ICFI)

Strs Ohio lifted its position in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,816 shares of the business services provider's stock after purchasing an additional 7,100 shares during the quarter. Strs Ohio owned about 0.29% of ICF International worth $7,350,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ICFI. Captrust Financial Advisors increased its holdings in shares of ICF International by 27.0% in the second quarter. Captrust Financial Advisors now owns 447 shares of the business services provider's stock worth $43,000 after purchasing an additional 95 shares during the last quarter. First Horizon Advisors Inc. increased its stake in ICF International by 14.3% during the first quarter. First Horizon Advisors Inc. now owns 711 shares of the business services provider's stock worth $78,000 after acquiring an additional 89 shares during the last quarter. Quantbot Technologies LP bought a new stake in ICF International during the second quarter worth approximately $114,000. First National Advisers LLC bought a new stake in ICF International during the third quarter worth approximately $202,000. Finally, Ensign Peak Advisors Inc bought a new stake in ICF International during the third quarter worth approximately $277,000. 94.12% of the stock is owned by institutional investors.

ICF International Trading Down 1.4 %

Shares of ICFI traded down $1.98 during mid-day trading on Thursday, reaching $138.09. 85,148 shares of the company's stock traded hands, compared to its average volume of 94,113. The stock has a market cap of $2.59 billion, a P/E ratio of 32.20 and a beta of 0.60. The stock's 50-day moving average is $149.91 and its two-hundred day moving average is $138.62. ICF International, Inc. has a 12 month low of $105.18 and a 12 month high of $158.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $480.75 million. ICF International had a return on equity of 13.94% and a net margin of 4.21%. ICF International's quarterly revenue 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. Research analysts forecast that ICF International, Inc. will post 6.77 earnings per share for the current fiscal year.

ICF International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 22nd were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.41%. ICF International's payout ratio is 12.87%.

Analyst Upgrades and Downgrades

ICFI has been the topic of several analyst reports. Canaccord Genuity Group reissued a "buy" rating and set a $170.00 price objective on shares of ICF International in a research note on Tuesday, February 20th. Truist Financial upped their target price on ICF International from $148.00 to $168.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. Finally, Barrington Research upped their target price on ICF International from $145.00 to $173.00 and gave the company an "outperform" rating in a research note on Monday, March 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, ICF International presently has an average rating of "Moderate Buy" and a consensus target price of $162.75.

Insider Activity at ICF International

In related news, COO James C. M. Morgan sold 2,400 shares of the business's stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ICF International news, 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 completion of the sale, the insider now owns 42,314 shares in the company, valued at $5,820,290.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO James C. M. Morgan sold 2,400 shares of the company's 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 sale, the chief operating officer now owns 39,814 shares of the company's stock, valued at approximately $6,177,938.38. The disclosure for this sale can be found here. 1.38% of the stock is owned by company insiders.

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.