Congress Asset Management Co. Cuts Stake in ICF International, Inc. (NASDAQ:ICFI)

Congress Asset Management Co. cut its holdings in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 98.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,850 shares of the business services provider's stock after selling 347,974 shares during the period. Congress Asset Management Co.'s holdings in ICF International were worth $697,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider's stock valued at $84,000 after purchasing an additional 58 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider's stock valued at $131,000 after purchasing an additional 339 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock valued at $567,000 after purchasing an additional 690 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider's stock valued at $603,000 after purchasing an additional 967 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of ICF International in the third quarter valued at approximately $734,000. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on ICFI. Sidoti upgraded shares of ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a report on Tuesday, November 19th. StockNews.com cut shares of ICF International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 27th. D. Boral Capital reiterated an "outperform" rating and set a $174.00 price target 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 for the company in a report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, ICF International has an average rating of "Moderate Buy" and a consensus target price of $168.25.

ICF International Stock Down 0.4 %

Shares of NASDAQ:ICFI traded down $0.39 during trading on Friday, hitting $100.11. 429,203 shares of the company were exchanged, compared to its average volume of 266,432. The stock has a market capitalization of $1.88 billion, a P/E ratio of 17.59 and a beta of 0.56. 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 12-month low of $97.92 and a 12-month high of $179.67. The firm's 50 day moving average price is $119.21 and its 200-day moving average price is $144.96.

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.