SG Americas Securities LLC Raises Holdings in ICF International, Inc. (NASDAQ:ICFI)

SG Americas Securities LLC lifted its stake in ICF International, Inc. (NASDAQ:ICFI) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,103 shares of the business services provider’s stock after purchasing an additional 339 shares during the period. SG Americas Securities LLC’s holdings in ICF International were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ICFI. Geode Capital Management LLC increased its position in ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after acquiring an additional 18,109 shares during the period. Congress Asset Management Co. lifted its stake in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after purchasing an additional 34,299 shares during the period. Systematic Financial Management LP increased its holdings in shares of ICF International by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after buying an additional 2,484 shares during the last quarter. Pier Capital LLC acquired a new stake in shares of ICF International during the 3rd quarter worth $6,579,000. Finally, Argent Capital Management LLC increased its holdings in ICF International by 15.7% in the 4th quarter. Argent Capital Management LLC now owns 33,425 shares of the business services provider’s stock valued at $3,985,000 after purchasing an additional 4,545 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ICF International news, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the transaction, the director now directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.39% of the company’s stock.

ICF International Price Performance

ICF International stock opened at $115.00 on Wednesday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 20.21 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International, Inc. has a fifty-two week low of $112.99 and a fifty-two week high of $179.67. The firm has a fifty day moving average price of $122.75 and a two-hundred day moving average price of $147.03.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ICFI shares. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Tuesday, November 19th. Truist Financial dropped their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Finally, D. Boral Capital reissued an “outperform” rating and set a $174.00 target price on shares of ICF International in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.60.

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.