Zions Bancorporation N.A. Boosts Position in ICF International, Inc. (NASDAQ:ICFI)

Zions Bancorporation N.A. raised its position in shares of ICF International, Inc. (NASDAQ:ICFI) by 18.1% in the fourth quarter, HoldingsChannel reports. The firm owned 18,896 shares of the business services provider’s stock after buying an additional 2,902 shares during the quarter. Zions Bancorporation N.A.’s holdings in ICF International were worth $2,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ICFI. SG Americas Securities LLC grew its position in ICF International by 44.4% during the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after buying an additional 339 shares during the period. Cibc World Markets Corp purchased a new position in shares of ICF International during the 4th quarter worth $208,000. Millstone Evans Group LLC bought a new stake in shares of ICF International during the 4th quarter valued at $447,000. Martingale Asset Management L P increased its stake in shares of ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after purchasing an additional 690 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after purchasing an additional 967 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Stock Performance

NASDAQ ICFI opened at $84.11 on Wednesday. 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 $75.91 and a 1-year high of $179.67. The business has a 50 day simple moving average of $104.38 and a two-hundred day simple moving average of $133.13. The stock has a market capitalization of $1.55 billion, a PE ratio of 14.78 and a beta of 0.56.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. ICF International’s dividend payout ratio is presently 9.61%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ICFI. D. Boral Capital reaffirmed an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Monday, December 16th. Barrington Research dropped their price objective on ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. StockNews.com downgraded ICF International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 price objective (down from $200.00) on shares of ICF International in a report on Friday, February 28th. Three equities 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 presently has a consensus rating of “Moderate Buy” and an average price target of $140.20.

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.