ICF International, Inc. (NASDAQ:ICFI) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its position in shares of ICF International, Inc. (NASDAQ:ICFI) by 30.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,813 shares of the business services provider’s stock after selling 38,288 shares during the period. Clearbridge Investments LLC owned approximately 0.46% of ICF International worth $10,230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ICFI. Geode Capital Management LLC lifted its holdings in shares of ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after buying an additional 18,109 shares during the period. Systematic Financial Management LP increased its holdings in ICF International by 0.9% in the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock valued at $46,542,000 after buying an additional 2,484 shares in the last quarter. Tributary Capital Management LLC increased its stake in ICF International by 10.9% in 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 purchasing an additional 20,861 shares in the last quarter. Pier Capital LLC purchased a new position in shares of ICF International in the third quarter valued at $6,579,000. Finally, Argent Capital Management LLC raised its stake in shares of ICF International by 15.7% during the 4th quarter. Argent Capital Management LLC now owns 33,425 shares of the business services provider’s stock worth $3,985,000 after buying an additional 4,545 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ICFI shares. Canaccord Genuity Group restated a “hold” rating and set a $100.00 target price (down previously from $200.00) on shares of ICF International in a research report on Friday, February 28th. Barrington Research lowered their target price on ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. D. Boral Capital reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Monday, December 16th. Finally, StockNews.com raised ICF International from a “hold” rating to a “buy” rating in a research note on Saturday, March 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.20.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $86.27 on Thursday. The business has a fifty day simple moving average of $98.95 and a 200-day simple moving average of $130.04. ICF International, Inc. has a 52 week low of $75.91 and a 52 week high of $179.67. The company has a market cap of $1.59 billion, a P/E ratio of 15.16 and a beta of 0.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.65%. ICF International’s payout ratio is currently 9.61%.

ICF International Company 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.