Oberweis Asset Management Inc. Sells 47,329 Shares of ICF International, Inc. (NASDAQ:ICFI)

Oberweis Asset Management Inc. lessened its holdings in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,671 shares of the business services provider's stock after selling 47,329 shares during the quarter. Oberweis Asset Management Inc. owned approximately 0.36% of ICF International worth $8,067,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ICFI. SG Americas Securities LLC lifted its stake in ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider's stock valued at $131,000 after buying an additional 339 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of ICF International in the 4th quarter worth $149,000. Cibc World Markets Corp bought a new stake in ICF International during the 4th quarter valued at $208,000. Millstone Evans Group LLC acquired a new position in ICF International during the fourth quarter worth $447,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of ICF International by 8.3% during the fourth quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider's stock valued at $623,000 after buying an additional 400 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Canaccord Genuity Group reissued a "hold" rating and set a $100.00 price objective (down from $200.00) on shares of ICF International in a report on Friday, February 28th. StockNews.com raised shares of ICF International from a "hold" rating to a "buy" rating in a report on Saturday, March 29th. Barrington Research lowered their target price on shares of ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Finally, Truist Financial cut their price target on shares of ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.20.

ICF International Stock Performance

ICFI stock traded down $0.49 during mid-day trading on Tuesday, hitting $85.24. The company had a trading volume of 47,552 shares, compared to its average volume of 183,415. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $1.57 billion, a PE ratio of 14.97 and a beta of 0.49. ICF International, Inc. has a 12 month low of $75.91 and a 12 month high of $179.67. The stock's fifty day moving average price is $86.08 and its two-hundred day moving average price is $118.32.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Friday, March 28th were issued a $0.14 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.66%. ICF International's dividend payout ratio (DPR) is presently 9.61%.

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.