Argent Capital Management LLC Grows Position in ICF International, Inc. (NASDAQ:ICFI)

Argent Capital Management LLC lifted its position in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,425 shares of the business services provider's stock after acquiring an additional 4,545 shares during the quarter. Argent Capital Management LLC owned approximately 0.18% of ICF International worth $3,985,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ICFI. Pier Capital LLC bought a new stake in shares of ICF International in the 3rd quarter worth $6,579,000. Congress Asset Management Co. boosted its holdings in shares of ICF International by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider's stock worth $59,014,000 after buying an additional 34,299 shares during the last quarter. Geode Capital Management LLC boosted 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 worth $73,566,000 after buying an additional 18,109 shares during the last quarter. Tilia Fiduciary Partners Inc. purchased a new position in shares of ICF International in the 3rd quarter worth about $2,364,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of ICF International by 94.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider's stock worth $2,941,000 after buying an additional 8,548 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Analyst Upgrades and Downgrades

ICFI has been the topic of a number of research analyst reports. StockNews.com downgraded shares of ICF International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 27th. Barrington Research reaffirmed an "outperform" rating and set a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. Sidoti raised shares of ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Tuesday, November 19th. D. Boral Capital reaffirmed an "outperform" rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Finally, Truist Financial lowered their price target on shares of ICF International from $180.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, ICF International has a consensus 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 acquired 400 shares of the company's stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the purchase, the director now owns 5,803 shares in the company, valued at $803,019.14. This trade represents a 7.40 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $249,679.94. Following the sale, the executive vice president now directly owns 3,417 shares of the company's stock, valued at approximately $593,293.71. This trade represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.39% of the company's stock.

ICF International Price Performance

Shares of ICFI stock traded up $0.15 during trading on Thursday, hitting $129.30. The company had a trading volume of 233,863 shares, compared to its average volume of 219,206. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock's 50-day moving average is $131.79 and its two-hundred day moving average is $148.91. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 22.72 and a beta of 0.57. ICF International, Inc. has a 52 week low of $114.99 and a 52 week high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company had revenue of $517.00 million for the quarter, compared to analysts' expectations of $528.02 million. During the same period in the prior year, the business earned $1.81 earnings per share. ICF International's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts predict that ICF International, Inc. will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 6th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Friday, December 6th. ICF International's payout ratio is currently 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.