ICF International, Inc. (NASDAQ:ICFI) Shares Purchased by Argent Capital Management LLC

Argent Capital Management LLC lifted its stake in ICF International, Inc. (NASDAQ:ICFI) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,880 shares of the business services provider’s stock after buying an additional 1,462 shares during the period. Argent Capital Management LLC owned approximately 0.15% of ICF International worth $4,817,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ICFI. Clearbridge Investments LLC grew its position in ICF International by 2.5% in the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock valued at $19,187,000 after acquiring an additional 3,070 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in ICF International by 5.5% during the 1st quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock worth $19,105,000 after buying an additional 6,570 shares during the period. Peregrine Capital Management LLC increased its stake in ICF International by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after buying an additional 1,367 shares during the period. Bank of New York Mellon Corp lifted its holdings in ICF International by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after buying an additional 2,173 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in ICF International by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after buying an additional 247 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 related news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the sale, the chief operating officer now owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the transaction, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $234,003.38. Following the completion of the sale, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,785 shares of company stock worth $1,278,648 over the last 90 days. Insiders own 1.39% of the company’s stock.

ICF International Stock Down 1.1 %

Shares of ICF International stock traded down $1.88 during trading on Thursday, reaching $167.84. The company had a trading volume of 10,017 shares, compared to its average volume of 96,770. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.19 and a current ratio of 1.19. ICF International, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $178.18. The firm’s fifty day moving average is $165.66 and its 200-day moving average is $151.46. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 34.50 and a beta of 0.61.

ICF International (NASDAQ:ICFI) 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 the consensus estimate of $1.49 by $0.20. The firm had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. ICF International had a return on equity of 14.37% and a net margin of 4.98%. ICF International’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 earnings per share. On average, analysts anticipate that ICF International, Inc. will post 7.06 EPS for the current year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 6th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Friday, September 6th. ICF International’s dividend payout ratio is presently 11.38%.

Analyst Ratings Changes

ICFI has been the topic of several recent analyst reports. Truist Financial cut ICF International from a “buy” rating to a “hold” rating and cut their price target for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.75.

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.