Bank of New York Mellon Corp Sells 3,911 Shares of ICF International, Inc. (NASDAQ:ICFI)

Bank of New York Mellon Corp lowered its stake in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,453 shares of the business services provider's stock after selling 3,911 shares during the quarter. Bank of New York Mellon Corp owned about 0.44% of ICF International worth $9,829,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in ICF International in the third quarter worth about $852,000. BNP Paribas Financial Markets raised its holdings in ICF International by 94.1% during 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 period. Martingale Asset Management L P raised its holdings in ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock worth $567,000 after buying an additional 690 shares during the period. Captrust Financial Advisors raised its holdings in ICF International by 36.5% during the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider's stock worth $603,000 after buying an additional 967 shares during the period. Finally, Systematic Financial Management LP raised its holdings in ICF International by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider's stock worth $46,542,000 after buying an additional 2,484 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

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Analysts Set New Price Targets

Several research firms have issued reports on ICFI. Canaccord Genuity Group restated a "hold" rating and set a $100.00 price objective (down previously from $200.00) on shares of ICF International in a report on Friday, February 28th. Sidoti raised ICF International from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Tuesday, November 19th. 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 research note on Monday, March 3rd. D. Boral Capital reaffirmed an "outperform" rating and set a $174.00 target price on shares of ICF International in a research note on Monday, December 16th. Finally, StockNews.com cut ICF International from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.20.

ICF International Stock Up 3.2 %

Shares of NASDAQ ICFI traded up $2.79 during trading hours on Tuesday, hitting $89.80. The stock had a trading volume of 245,569 shares, compared to its average volume of 160,509. The company has a market capitalization of $1.66 billion, a P/E ratio of 15.78 and a beta of 0.56. The firm's 50-day moving average price is $108.63 and its two-hundred day moving average price is $136.40. ICF International, Inc. has a 52 week low of $75.91 and a 52 week high of $179.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be paid a $0.14 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.62%. ICF International's payout ratio is 9.61%.

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.