SG Americas Securities LLC Sells 8,461 Shares of ICF International, Inc. (NASDAQ:ICFI)

SG Americas Securities LLC trimmed its stake in ICF International, Inc. (NASDAQ:ICFI) by 91.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 764 shares of the business services provider’s stock after selling 8,461 shares during the period. SG Americas Securities LLC’s holdings in ICF International were worth $127,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Whittier Trust Co. bought a new position in shares of ICF International in the 1st quarter valued at approximately $25,000. Rhumbline Advisers increased its position in ICF International by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock worth $4,081,000 after buying an additional 247 shares during the period. Torray Investment Partners LLC increased its position in ICF International by 8.7% in the 2nd quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock worth $2,145,000 after buying an additional 1,159 shares during the period. Peregrine Capital Management LLC increased 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 worth $15,817,000 after buying an additional 1,367 shares during the period. Finally, BNP Paribas Financial Markets increased its position in ICF International by 9.4% in the 1st quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock worth $2,491,000 after buying an additional 1,419 shares during the period. 94.12% of the stock is owned by institutional investors.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $168.11 on Friday. ICF International, Inc. has a 1-year low of $115.67 and a 1-year high of $178.18. The firm has a market capitalization of $3.15 billion, a PE ratio of 32.27 and a beta of 0.61. The business’s 50 day moving average is $166.01 and its 200-day moving average is $151.78. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.20. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The company had revenue of $512.03 million for the quarter, compared to analyst estimates of $505.70 million. During the same quarter last year, the firm earned $1.57 EPS. ICF International’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts predict that ICF International, Inc. will post 7.06 earnings per share for the current year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 6th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, September 6th. ICF International’s dividend payout ratio is 10.75%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ICFI. Truist Financial downgraded ICF International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $168.00 to $155.00 in a research report on Monday, July 1st. Barrington Research reissued an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ICF International currently has an average rating of “Moderate Buy” and a consensus price target of $159.75.

Insider Activity at ICF International

In related news, EVP Anne F. Choate sold 1,368 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the sale, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Anne F. Choate sold 1,368 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the sale, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total value of $381,250.00. Following the completion of the sale, the chief operating officer now directly owns 40,163 shares in the company, valued at approximately $6,124,857.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,785 shares of company stock valued at $1,278,648 in the last 90 days. 1.39% of the stock is owned by corporate insiders.

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.