Trust Point Inc. Cuts Position in ICF International, Inc. (NASDAQ:ICFI)

Trust Point Inc. decreased its position in ICF International, Inc. (NASDAQ:ICFI) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,795 shares of the business services provider’s stock after selling 161 shares during the quarter. Trust Point Inc.’s holdings in ICF International were worth $1,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after acquiring an additional 18,109 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of ICF International by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after acquiring an additional 8,548 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of ICF International in the third quarter worth $852,000. Pier Capital LLC acquired a new position in shares of ICF International in the third quarter worth $6,579,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of ICF International in the third quarter worth $734,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ICFI. Truist Financial dropped their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. D. Boral Capital reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research note on Monday, December 16th. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.60.

Insider Buying and Selling at ICF International

In related news, Director Scott B. Salmirs bought 400 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the transaction, the director now owns 5,803 shares of the company’s stock, valued at $803,019.14. This represents a 7.40 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the completion of the sale, the executive vice president now owns 3,417 shares in the company, valued at $593,293.71. This represents a 29.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by insiders.

ICF International Stock Performance

NASDAQ ICFI opened at $117.74 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International, Inc. has a 1 year low of $114.52 and a 1 year high of $179.67. The company has a market capitalization of $2.21 billion, a PE ratio of 20.69 and a beta of 0.57. The company has a fifty day moving average of $125.26 and a two-hundred day moving average of $148.14.

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.