Rhumbline Advisers Raises Stock Position in ICF International, Inc. (NASDAQ:ICFI)

Rhumbline Advisers grew its holdings in ICF International, Inc. (NASDAQ:ICFI) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,630 shares of the business services provider’s stock after acquiring an additional 4,457 shares during the period. Rhumbline Advisers owned about 0.16% of ICF International worth $3,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICFI. Geode Capital Management LLC increased its position in shares of 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 worth $73,566,000 after purchasing an additional 18,109 shares during the last quarter. Systematic Financial Management LP raised its position 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 in the last quarter. Tributary Capital Management LLC raised its position in shares of ICF International by 10.9% during the 4th quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock worth $25,256,000 after buying an additional 20,861 shares in the last quarter. Pier Capital LLC bought a new stake in shares of ICF International in the 3rd quarter worth approximately $6,579,000. Finally, Argent Capital Management LLC raised its holdings in shares of 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 worth $3,985,000 after purchasing an additional 4,545 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Stock Down 20.7 %

ICFI opened at $79.26 on Friday. ICF International, Inc. has a fifty-two week low of $77.02 and a fifty-two week 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. The company has a market capitalization of $1.49 billion, a P/E ratio of 13.93 and a beta of 0.56. The stock has a fifty day moving average of $116.03 and a 200-day moving average of $142.55.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, March 28th. ICF International’s payout ratio is currently 9.84%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ICFI shares. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Tuesday, November 19th. Canaccord Genuity Group reissued a “hold” rating and issued a $100.00 price target (down from $200.00) on shares of ICF International in a report on Friday. Truist Financial decreased their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Finally, D. Boral Capital restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.60.

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.