Martingale Asset Management L P Buys 690 Shares of ICF International, Inc. (NASDAQ:ICFI)

Martingale Asset Management L P grew its position in ICF International, Inc. (NASDAQ:ICFI) by 25.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,399 shares of the business services provider’s stock after purchasing an additional 690 shares during the quarter. Martingale Asset Management L P’s holdings in ICF International were worth $567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC grew its stake in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after buying an additional 58 shares during the last quarter. Marshall Wace LLP bought a new stake in ICF International during the second quarter valued at about $301,000. AlphaMark Advisors LLC acquired a new stake in shares of ICF International in the third quarter valued at about $342,000. Quantbot Technologies LP bought a new position in shares of ICF International in the third quarter worth about $852,000. Finally, SG Americas Securities LLC lifted its position in shares of 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 purchasing an additional 8,114 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Trading Up 0.2 %

Shares of ICF International stock opened at $135.38 on Wednesday. The company’s fifty day moving average price is $160.75 and its two-hundred day moving average price is $153.44. The firm has a market capitalization of $2.54 billion, a PE ratio of 23.79 and a beta of 0.54. ICF International, Inc. has a 52-week low of $128.28 and a 52-week high of $179.67. 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 (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.81 earnings per share. On average, analysts expect that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s dividend payout ratio is 9.84%.

Analyst Upgrades and Downgrades

ICFI has been the topic of a number of research analyst reports. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th. Truist Financial lowered their price objective 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. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Finally, Barrington Research restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.25.

Insider Buying and Selling at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the sale, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This represents a 29.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott B. Salmirs acquired 400 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the acquisition, the director now owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 4,038 shares of company stock worth $705,355 over the last three months. Company insiders own 1.39% 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.