120,265 Shares in ICF International, Inc. (NASDAQ:ICFI) Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 120,265 shares of the business services provider's stock, valued at approximately $16,126,000. TimesSquare Capital Management LLC owned about 0.64% of ICF International at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ICFI. Strs Ohio grew its position in ICF International by 0.4% in the 3rd quarter. Strs Ohio now owns 47,716 shares of the business services provider's stock valued at $5,764,000 after buying an additional 200 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in ICF International by 17.1% in the third quarter. Congress Asset Management Co. MA now owns 258,384 shares of the business services provider's stock valued at $31,215,000 after acquiring an additional 37,728 shares during the period. Zions Bancorporation N.A. lifted its holdings in ICF International by 7.6% in the third quarter. Zions Bancorporation N.A. now owns 15,252 shares of the business services provider's stock valued at $1,843,000 after acquiring an additional 1,079 shares during the period. Torray Investment Partners LLC lifted its holdings in ICF International by 3.1% in the third quarter. Torray Investment Partners LLC now owns 12,869 shares of the business services provider's stock valued at $1,555,000 after acquiring an additional 387 shares during the period. Finally, Neumeier Poma Investment Counsel LLC raised its stake in ICF International by 63.9% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 336,005 shares of the business services provider's stock valued at $40,593,000 after purchasing an additional 130,995 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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 transaction, the chief operating officer now owns 39,814 shares of the company's stock, valued at $6,177,938.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.38% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a "buy" rating and set a $170.00 target price on shares of ICF International in a report on Tuesday, February 20th. Barrington Research upped their price target on ICF International from $145.00 to $173.00 and gave the stock an "outperform" rating in a report on Monday, March 4th. Finally, 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 report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ICF International currently has an average rating of "Moderate Buy" and an average target price of $162.75.

ICF International Stock Up 0.0 %

Shares of ICFI traded up $0.03 during trading on Friday, reaching $153.02. The company's stock had a trading volume of 87,840 shares, compared to its average volume of 90,142. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 31.10 and a beta of 0.61. ICF International, Inc. has a twelve month low of $108.58 and a twelve month high of $158.00. The company has a fifty day moving average of $148.03 and a two-hundred day moving average of $140.48.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.33. The business had revenue of $494.44 million for the quarter, compared to analyst estimates of $487.95 million. ICF International had a return on equity of 14.42% and a net margin of 4.74%. The business's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 EPS. On average, sell-side analysts predict that ICF International, Inc. will post 6.8 EPS for the current fiscal year.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, June 7th. ICF International's dividend payout ratio is currently 11.38%.

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.