Sterling Capital Management LLC Sells 3,904 Shares of ICF International, Inc. (NASDAQ:ICFI)

Sterling Capital Management LLC lowered its holdings in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,288 shares of the business services provider's stock after selling 3,904 shares during the quarter. Sterling Capital Management LLC's holdings in ICF International were worth $1,107,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ICFI. Oak Associates Ltd. OH raised its stake in shares of ICF International by 30.0% in the fourth quarter. Oak Associates Ltd. OH now owns 8,672 shares of the business services provider's stock worth $1,034,000 after acquiring an additional 2,000 shares during the last quarter. Martingale Asset Management L P lifted its holdings in ICF International by 103.0% during the 4th quarter. Martingale Asset Management L P now owns 6,899 shares of the business services provider's stock worth $822,000 after buying an additional 3,500 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of ICF International by 1.0% in the 4th quarter. Russell Investments Group Ltd. now owns 21,065 shares of the business services provider's stock valued at $2,511,000 after buying an additional 218 shares during the period. Geode Capital Management LLC raised its position in shares of ICF International by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 442,995 shares of the business services provider's stock worth $52,822,000 after acquiring an additional 2,010 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its position in shares of ICF International by 18.1% during the fourth quarter. Zions Bancorporation N.A. now owns 18,896 shares of the business services provider's stock worth $2,253,000 after acquiring an additional 2,902 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Trading Down 0.3 %

ICF International stock traded down $0.22 during mid-day trading on Monday, hitting $82.77. 19,237 shares of the company's stock were exchanged, compared to its average volume of 181,265. The company's 50 day simple moving average is $88.67 and its 200-day simple moving average is $121.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.53 billion, a P/E ratio of 14.52 and a beta of 0.49. ICF International, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $179.67.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Friday, March 28th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, March 28th. ICF International's dividend payout ratio (DPR) is presently 9.61%.

Analysts Set New Price Targets

ICFI has been the subject of a number of research reports. Truist Financial lowered their price objective on ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a research report on Monday, April 14th. StockNews.com raised shares of ICF International from a "hold" rating to a "buy" rating in a research note 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, Canaccord Genuity Group restated a "hold" rating and issued a $100.00 price target (down from $200.00) on shares of ICF International in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.20.

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.