Strs Ohio Purchases 7,100 Shares of ICF International, Inc. (NASDAQ:ICFI)

Strs Ohio increased its position in ICF International, Inc. (NASDAQ:ICFI) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,816 shares of the business services provider’s stock after buying an additional 7,100 shares during the quarter. Strs Ohio owned 0.29% of ICF International worth $7,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Neumeier Poma Investment Counsel LLC lifted its position in ICF International by 63.9% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 336,005 shares of the business services provider’s stock valued at $40,593,000 after purchasing an additional 130,995 shares during the last quarter. Congress Asset Management Co. MA increased its stake in shares of ICF International by 17.1% during the third quarter. Congress Asset Management Co. MA now owns 258,384 shares of the business services provider’s stock valued at $31,215,000 after buying an additional 37,728 shares during the period. Ameriprise Financial Inc. increased its stake in shares of ICF International by 4.0% during the first quarter. Ameriprise Financial Inc. now owns 827,843 shares of the business services provider’s stock valued at $90,814,000 after buying an additional 31,881 shares during the period. Bank of New York Mellon Corp increased its stake in shares of ICF International by 19.7% during the third quarter. Bank of New York Mellon Corp now owns 112,953 shares of the business services provider’s stock valued at $12,313,000 after buying an additional 18,580 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of ICF International by 4.7% during the first quarter. Geode Capital Management LLC now owns 348,881 shares of the business services provider’s stock valued at $38,272,000 after buying an additional 15,576 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ICFI shares. Truist Financial boosted their target price on ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $170.00 price target on shares of ICF International in a research note on Tuesday, February 20th. Finally, Barrington Research upped their price target on ICF International from $145.00 to $173.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.75.

ICF International Price Performance

Shares of ICFI stock opened at $140.07 on Thursday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 32.20 and a beta of 0.60. The business’s fifty day moving average is $149.91 and its 200 day moving average is $138.62. ICF International, Inc. has a twelve month low of $105.18 and a twelve month high of $158.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFI) last released its earnings results on Tuesday, February 27th. The business services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.04. ICF International had a return on equity of 13.94% and a net margin of 4.21%. The firm had revenue of $478.35 million for the quarter, compared to analysts’ expectations of $480.75 million. During the same period in the prior year, the firm posted $1.56 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Research analysts expect that ICF International, Inc. will post 6.77 EPS for the current fiscal year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.40%. ICF International’s dividend payout ratio is currently 12.87%.

Insider Transactions at ICF International

In other news, COO James C. M. Morgan sold 2,400 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total value of $372,408.00. Following the sale, the chief operating officer now directly owns 39,814 shares of the company’s stock, valued at $6,177,938.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO James C. M. Morgan sold 2,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total transaction of $372,408.00. Following the transaction, the chief operating officer now directly owns 39,814 shares of the company’s stock, valued at $6,177,938.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $137.55, for a total value of $343,875.00. Following the transaction, the insider now directly owns 42,314 shares in the company, valued at $5,820,290.70. The disclosure for this sale can be found here. Insiders own 1.38% of the company’s stock.

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.