GW&K Investment Management LLC Has $40.13 Million Stake in ICF International, Inc. (NASDAQ:ICFI)

GW&K Investment Management LLC decreased its holdings in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 299,293 shares of the business services provider's stock after selling 97,414 shares during the quarter. GW&K Investment Management LLC owned about 1.59% of ICF International worth $40,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Trust Point Inc. acquired a new position in shares of ICF International during the fourth quarter valued at about $995,000. TimesSquare Capital Management LLC bought a new position in ICF International during the fourth quarter valued at about $16,126,000. Strs Ohio raised its holdings in ICF International by 14.9% in the 4th quarter. Strs Ohio now owns 54,816 shares of the business services provider's stock valued at $7,350,000 after acquiring an additional 7,100 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of ICF International by 26.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider's stock worth $647,000 after acquiring an additional 1,000 shares during the period. Finally, Neumeier Poma Investment Counsel LLC grew its holdings in shares of ICF International by 63.9% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 336,005 shares of the business services provider's stock worth $40,593,000 after purchasing an additional 130,995 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Activity

In related news, COO James C. M. Morgan sold 2,400 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 39,814 shares in the company, valued at approximately $6,177,938.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.39% of the stock is currently owned by corporate insiders.

ICF International Price Performance

NASDAQ:ICFI traded down $2.50 during trading hours on Tuesday, reaching $144.73. The company had a trading volume of 104,177 shares, compared to its average volume of 88,989. 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 stock has a 50-day moving average of $147.08 and a two-hundred day moving average of $141.89. ICF International, Inc. has a one year low of $108.58 and a one year high of $158.00. The firm has a market capitalization of $2.71 billion, a PE ratio of 29.67 and a beta of 0.61.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its earnings results on Thursday, May 2nd. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.44 by $0.33. The company had revenue of $494.44 million for the quarter, compared to the consensus estimate of $487.95 million. ICF International had a net margin of 4.74% and a return on equity of 14.42%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.42 EPS. Analysts forecast that ICF International, Inc. will post 6.8 earnings per share for the current year.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, June 7th. ICF International's payout ratio is 11.38%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ICFI. Canaccord Genuity Group restated a "buy" rating and issued a $170.00 target price on shares of ICF International in a research note on Tuesday, February 20th. 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. Finally, Truist Financial lifted their target price on shares of ICF International from $148.00 to $168.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, ICF International presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.75.

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.