Saturna Capital Corp Decreases Holdings in ICF International, Inc. (NASDAQ:ICFI)

Saturna Capital Corp trimmed its holdings in shares of ICF International, Inc. (NASDAQ:ICFI) by 39.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,808 shares of the business services provider’s stock after selling 4,392 shares during the quarter. Saturna Capital Corp’s holdings in ICF International were worth $1,136,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ICFI. Congress Asset Management Co. raised its position 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 valued at $59,014,000 after buying an additional 34,299 shares in the last quarter. Tilia Fiduciary Partners Inc. purchased a new stake in shares of ICF International during the 3rd quarter valued at about $2,364,000. SG Americas Securities LLC raised 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 valued at $1,370,000 after buying an additional 8,114 shares in the last quarter. Clearbridge Investments LLC grew its holdings in ICF International by 2.5% during the 1st quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock valued at $19,187,000 after purchasing an additional 3,070 shares during the last quarter. Finally, Argent Capital Management LLC grew its holdings in ICF International by 10.2% during 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 purchasing an additional 2,542 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on ICFI. Barrington Research reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Truist Financial upped their price target on shares of ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ICF International has a consensus rating of “Moderate Buy” and an average target price of $166.00.

Insider Activity

In other news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 3,417 shares in the company, valued at approximately $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO John Wasson sold 1,417 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the transaction, the chief executive officer now directly owns 52,605 shares in the company, valued at approximately $8,687,189.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,823 shares of company stock worth $1,165,078. Corporate insiders own 1.39% of the company’s stock.

ICF International Price Performance

Shares of ICFI stock opened at $163.10 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $3.06 billion, a P/E ratio of 29.61 and a beta of 0.61. The company’s 50-day simple moving average is $167.79 and its two-hundred day simple moving average is $154.27. ICF International, Inc. has a one year low of $128.28 and a one year high of $179.67.

ICF International (NASDAQ:ICFI) last issued its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. The business had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.81 EPS. As a group, equities analysts anticipate that ICF International, Inc. will post 7.45 EPS for the current year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.34%. ICF International’s dividend payout ratio is currently 9.84%.

ICF International Company 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.