Marshall Wace LLP Makes New Investment in ICF International, Inc. (NASDAQ:ICFI)

Marshall Wace LLP bought a new position in shares of ICF International, Inc. (NASDAQ:ICFIFree Report) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,027 shares of the business services provider’s stock, valued at approximately $301,000.

Other institutional investors have also recently bought and sold shares of the company. Congress Asset Management Co. MA grew its holdings in shares of ICF International by 14.7% during the first quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock worth $46,648,000 after purchasing an additional 39,709 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of ICF International by 730.3% during the second 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. TimesSquare Capital Management LLC grew its holdings in shares of ICF International by 5.5% during the first quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock worth $19,105,000 after purchasing an additional 6,570 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of ICF International by 2.5% during the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock worth $19,187,000 after purchasing an additional 3,070 shares during the last quarter. Finally, Argent Capital Management LLC boosted its holdings in ICF International by 10.2% in the second quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after acquiring an additional 2,542 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Buying and Selling at ICF International

In other news, CEO John Wasson sold 1,417 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the transaction, the chief executive officer now owns 52,605 shares in the company, valued at approximately $8,687,189.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ICF International news, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares in the company, valued at $563,805. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Wasson sold 1,417 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the transaction, the chief executive officer now owns 52,605 shares of the company’s stock, valued at approximately $8,687,189.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,285 shares of company stock worth $840,973 in the last quarter. 1.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. William Blair raised ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Finally, Truist Financial lowered ICF International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $168.00 to $155.00 in a research report on Monday, July 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, ICF International presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.75.

View Our Latest Report on ICF International

ICF International Trading Up 0.2 %

NASDAQ ICFI opened at $168.36 on Friday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 32.31 and a beta of 0.61. The business has a fifty day simple moving average of $163.15 and a 200 day simple moving average of $150.18. ICF International, Inc. has a 12 month low of $115.67 and a 12 month high of $170.80. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFIGet Free Report) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.20. The firm had revenue of $512.03 million during the quarter, compared to the consensus estimate of $505.70 million. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. On average, analysts predict that ICF International, Inc. will post 7.06 EPS for the current fiscal year.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 6th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. ICF International’s dividend payout ratio (DPR) is presently 10.75%.

ICF International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ICF International (NASDAQ:ICFI)

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