Systematic Financial Management LP Has $28.55 Million Stock Holdings in ICF International, Inc. (NASDAQ:ICFI)

Systematic Financial Management LP trimmed its holdings in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,490 shares of the business services provider's stock after selling 39,558 shares during the period. Systematic Financial Management LP owned 1.28% of ICF International worth $28,550,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ICFI. SG Americas Securities LLC boosted its holdings 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 worth $131,000 after purchasing an additional 339 shares in the last quarter. Tributary Capital Management LLC lifted its position in shares of ICF International by 10.9% in the fourth quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider's stock worth $25,256,000 after buying an additional 20,861 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of ICF International by 17.0% during the 4th quarter. Rhumbline Advisers now owns 30,630 shares of the business services provider's stock worth $3,651,000 after acquiring an additional 4,457 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of ICF International by 8.3% during the 4th quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider's stock valued at $623,000 after acquiring an additional 400 shares during the last quarter. Finally, Torray Investment Partners LLC raised its stake in shares of ICF International by 1.2% in the 4th quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider's stock valued at $1,562,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

ICF International Stock Performance

ICF International stock traded down $0.38 during mid-day trading on Thursday, reaching $86.83. The company had a trading volume of 64,835 shares, compared to its average volume of 193,801. 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 cap of $1.60 billion, a price-to-earnings ratio of 15.26 and a beta of 0.48. The company has a 50 day moving average of $84.70 and a 200-day moving average of $109.11. ICF International, Inc. has a 52 week low of $75.91 and a 52 week high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business had revenue of $487.62 million during the quarter, compared to analysts' expectations of $487.28 million. During the same quarter last year, the company earned $1.77 earnings per share. The firm's revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts expect that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, June 6th. ICF International's payout ratio is presently 9.61%.

Wall Street Analysts Forecast Growth

ICFI has been the subject of a number of analyst reports. Barrington Research reduced their price objective on shares of ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Truist Financial cut their target price on shares of ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group decreased their price target on shares of ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen lowered ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.20.

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.