Wilmington Savings Fund Society FSB Acquires Shares of 4,400 ICF International, Inc. (NASDAQ:ICFI)

Wilmington Savings Fund Society FSB bought a new position in shares of ICF International, Inc. (NASDAQ:ICFI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,400 shares of the business services provider’s stock, valued at approximately $734,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in ICF International by 4.3% during the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after buying an additional 18,109 shares during the period. Congress Asset Management Co. grew its position in shares of ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after acquiring an additional 34,299 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of ICF International by 0.9% in the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock valued at $46,542,000 after acquiring an additional 2,484 shares during the period. Peregrine Capital Management LLC raised its position in ICF International by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock valued at $15,817,000 after purchasing an additional 1,367 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in ICF International by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after purchasing an additional 2,173 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Price Performance

Shares of ICFI opened at $125.28 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $154.41 and its two-hundred day moving average is $152.62. ICF International, Inc. has a twelve month low of $124.78 and a twelve month high of $179.67. The firm has a market capitalization of $2.35 billion, a PE ratio of 22.02 and a beta of 0.54.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period in the previous year, the business earned $1.81 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts anticipate that ICF International, Inc. will post 7.35 earnings per share for the current year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.45%. ICF International’s dividend payout ratio is presently 9.84%.

Insider Activity at ICF International

In other news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the transaction, the chief operating officer now owns 37,663 shares in the company, valued at $6,593,661.41. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott B. Salmirs purchased 400 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the purchase, the director now directly owns 5,803 shares in the company, valued at approximately $803,019.14. The trade was a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 4,038 shares of company stock worth $705,355 over the last 90 days. Company insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Tuesday, November 19th. Barrington Research reaffirmed an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Truist Financial lowered their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Finally, StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, ICF International currently has an average rating of “Moderate Buy” and an average price target of $167.25.

ICF International 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.