Marshall Wace LLP Buys Shares of 2,027 ICF International, Inc. (NASDAQ:ICFI)

Marshall Wace LLP bought a new stake in ICF International, Inc. (NASDAQ:ICFI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,027 shares of the business services provider’s stock, valued at approximately $301,000.

Several other hedge funds also recently modified their holdings of the business. Congress Asset Management Co. MA raised its position in shares of ICF International by 14.7% in the 1st quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock valued at $46,648,000 after acquiring an additional 39,709 shares during the period. TimesSquare Capital Management LLC raised its position in shares of ICF International by 5.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock valued at $19,105,000 after acquiring an additional 6,570 shares during the period. BNP Paribas Financial Markets raised its position in shares of 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 valued at $2,491,000 after acquiring an additional 1,419 shares during the period. Argent Capital Management LLC raised its position in shares of ICF International by 10.2% in the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after acquiring an additional 2,542 shares during the period. Finally, SG Americas Securities LLC raised its holdings in ICF International by 730.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock worth $1,370,000 after buying an additional 8,114 shares during the period. Institutional investors own 94.12% of the company’s stock.

ICF International Price Performance

NASDAQ:ICFI opened at $168.36 on Friday. ICF International, Inc. has a 1-year low of $115.67 and a 1-year high of $170.80. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $163.15 and a 200 day simple moving average of $150.18. The stock has a market capitalization of $3.16 billion, a PE ratio of 32.31 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.20. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The business had revenue of $512.03 million during the quarter, compared to analysts’ expectations of $505.70 million. During the same period last year, the business earned $1.57 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, research analysts expect that ICF International, Inc. will post 7.06 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 6th were given a dividend of $0.14 per share. The ex-dividend date was Friday, September 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. ICF International’s dividend payout ratio (DPR) is 10.75%.

Analyst Ratings Changes

Several analysts have commented on ICFI shares. William Blair upgraded shares of ICF International from a “market perform” rating to an “outperform” rating in a report on Monday, June 24th. Barrington Research reaffirmed an “outperform” rating and set a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Finally, Truist Financial cut shares of ICF International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $159.75.

Insiders Place Their Bets

In other ICF International news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the completion of the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at $563,805. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the completion of the sale, the executive vice president now owns 3,417 shares of the company’s stock, valued at approximately $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Wasson sold 1,417 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the transaction, the chief executive officer now directly owns 52,605 shares of the company’s stock, valued at approximately $8,687,189.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,285 shares of company stock valued at $840,973 over the last ninety days. 1.39% of the stock is currently owned by company insiders.

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.