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

Wilmington Savings Fund Society FSB purchased a new position in ICF International, Inc. (NASDAQ:ICFI) in the third quarter, HoldingsChannel.com reports. The fund purchased 4,400 shares of the business services provider’s stock, valued at approximately $734,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after acquiring an additional 58 shares during the last quarter. Marshall Wace LLP acquired a new position in ICF International in the 2nd quarter valued at $301,000. AlphaMark Advisors LLC purchased a new position in shares of ICF International during the 3rd quarter worth $342,000. Martingale Asset Management L P boosted its holdings in shares of ICF International by 25.5% during the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after purchasing an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after purchasing an additional 967 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

ICF International Stock Down 1.3 %

Shares of NASDAQ:ICFI opened at $125.28 on Monday. The stock has a 50-day simple moving average of $154.41 and a 200-day simple moving average of $152.62. The stock has a market capitalization of $2.35 billion, a P/E ratio of 22.02 and a beta of 0.54. ICF International, Inc. has a 1 year low of $124.78 and a 1 year high of $179.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

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

ICF International Announces Dividend

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

Insiders Place Their Bets

In other news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were 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 directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott B. Salmirs purchased 400 shares of the stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 5,803 shares in the company, valued at approximately $803,019.14. This represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 4,038 shares of company stock worth $705,355 over the last quarter. 1.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ICFI. Barrington Research reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. Truist Financial cut their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Sidoti upgraded 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. Finally, StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.25.

About ICF International

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.