New York State Common Retirement Fund Reduces Stock Position in ICF International, Inc. (NASDAQ:ICFI)

New York State Common Retirement Fund reduced its holdings in ICF International, Inc. (NASDAQ:ICFI) by 46.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,858 shares of the business services provider’s stock after selling 4,991 shares during the period. New York State Common Retirement Fund’s holdings in ICF International were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Pier Capital LLC purchased a new stake in ICF International during the 3rd quarter valued at $6,579,000. Tributary Capital Management LLC grew its position in ICF International by 10.9% in the 4th quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock valued at $25,256,000 after acquiring an additional 20,861 shares during the last quarter. Geode Capital Management LLC increased its stake 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 worth $73,566,000 after buying an additional 18,109 shares during the period. BNP Paribas Financial Markets increased its stake in ICF International by 94.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after buying an additional 8,548 shares during the period. Finally, Quantbot Technologies LP purchased a new position in ICF International in the 3rd quarter worth about $852,000. 94.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

ICFI has been the subject of a number of research reports. Barrington Research lowered their price target on ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a report on Monday. Truist Financial lowered their price target on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Canaccord Genuity Group restated a “hold” rating and set a $100.00 price target (down previously from $200.00) on shares of ICF International in a research note on Friday. StockNews.com lowered shares of ICF International from a “buy” rating to a “hold” rating in a research note on Monday. Finally, D. Boral Capital reissued an “outperform” rating and set a $174.00 target price on shares of ICF International in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.20.

ICF International Trading Down 2.0 %

ICFI opened at $77.68 on Tuesday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 13.65 and a beta of 0.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a 12 month low of $75.91 and a 12 month high of $179.67. The stock has a fifty day moving average price of $115.20 and a 200-day moving average price of $141.76.

ICF International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. ICF International’s payout ratio is 9.61%.

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.