Chartwell Investment Partners LLC Raises Stock Holdings in ICF International, Inc. (NASDAQ:ICFI)

Chartwell Investment Partners LLC boosted its holdings in shares of ICF International, Inc. (NASDAQ:ICFI) by 0.8% during the third quarter, HoldingsChannel.com reports. The firm owned 8,255 shares of the business services provider’s stock after purchasing an additional 67 shares during the period. Chartwell Investment Partners LLC’s holdings in ICF International were worth $1,377,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. boosted its position in ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after purchasing an additional 34,299 shares in the last quarter. Tilia Fiduciary Partners Inc. purchased a new position in ICF International during the third quarter worth approximately $2,364,000. Argent Capital Management LLC boosted its position in ICF International by 10.2% during the second quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock worth $4,070,000 after purchasing an additional 2,542 shares in the last quarter. Marshall Wace LLP purchased a new position in ICF International during the second quarter worth approximately $301,000. Finally, SG Americas Securities LLC raised 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 valued at $1,370,000 after acquiring an additional 8,114 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Wasson sold 1,417 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 52,605 shares in the company, valued at approximately $8,687,189.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value 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 approximately $6,593,661.41. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Wasson sold 1,417 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 52,605 shares of the company’s stock, valued at $8,687,189.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,823 shares of company stock worth $1,165,078. Company insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ICFI has been the subject of a number of research analyst reports. StockNews.com raised ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Barrington Research reissued an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Finally, Truist Financial increased their target price on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.00.

ICF International Price Performance

NASDAQ:ICFI opened at $168.49 on Wednesday. ICF International, Inc. has a one year low of $128.28 and a one year high of $179.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.21. The stock has a market cap of $3.16 billion, a PE ratio of 29.61 and a beta of 0.61. The stock has a 50 day moving average price of $167.79 and a 200 day moving average price of $154.27.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same quarter last year, the firm earned $1.81 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts expect that ICF International, Inc. will post 7.45 EPS for the current fiscal year.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.33%. ICF International’s payout ratio is 9.84%.

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.