BNP Paribas Financial Markets Purchases 72,595 Shares of ICF International, Inc. (NASDAQ:ICFI)

BNP Paribas Financial Markets increased its position in ICF International, Inc. (NASDAQ:ICFI) by 411.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 90,226 shares of the business services provider’s stock after buying an additional 72,595 shares during the period. BNP Paribas Financial Markets owned about 0.48% of ICF International worth $10,756,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ICFI. Geode Capital Management LLC boosted its stake in shares of ICF International by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 442,995 shares of the business services provider’s stock worth $52,822,000 after acquiring an additional 2,010 shares during the period. Tributary Capital Management LLC grew its holdings in ICF International by 10.9% during 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 buying an additional 20,861 shares in the last quarter. Tudor Investment Corp ET AL raised its position in shares of ICF International by 5,171.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider’s stock valued at $8,810,000 after buying an additional 72,502 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of ICF International by 2,331.0% in the fourth quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider’s stock worth $7,770,000 after buying an additional 62,495 shares in the last quarter. Finally, Argent Capital Management LLC boosted its position in shares of ICF International by 15.7% during the fourth quarter. Argent Capital Management LLC now owns 33,425 shares of the business services provider’s stock worth $3,985,000 after acquiring an additional 4,545 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ICFI shares. StockNews.com cut shares of ICF International from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Canaccord Genuity Group dropped their price target on ICF International from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday. Truist Financial reduced their price objective on ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Finally, Barrington Research lowered their target price on ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. 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 has an average rating of “Moderate Buy” and an average price target of $127.20.

ICF International Price Performance

NASDAQ:ICFI opened at $86.76 on Friday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 15.25 and a beta of 0.48. 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 business has a 50 day simple moving average of $84.41 and a 200-day simple moving average of $113.24. ICF International, Inc. has a 1 year low of $75.91 and a 1 year high of $179.67.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $487.62 million during the quarter, compared to analyst estimates of $487.28 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.77 earnings per share. Equities analysts forecast that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Friday, June 6th. ICF International’s payout ratio is currently 9.61%.

About ICF International

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.