KLP Kapitalforvaltning AS Takes $859,000 Position in ICF International, Inc. (NASDAQ:ICFI)

KLP Kapitalforvaltning AS bought a new stake in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,200 shares of the business services provider's stock, valued at approximately $859,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in ICF International in the 3rd quarter worth approximately $852,000. BNP Paribas Financial Markets grew its holdings in shares of ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider's stock valued at $2,941,000 after buying an additional 8,548 shares during the last quarter. Martingale Asset Management L P increased its position 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 valued at $567,000 after acquiring an additional 690 shares during the period. Captrust Financial Advisors raised its stake 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 acquiring an additional 967 shares during the last quarter. Finally, Systematic Financial Management LP lifted its position 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 acquiring an additional 2,484 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research firms recently commented on ICFI. Barrington Research decreased their target price on ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Canaccord Genuity Group reissued a "hold" rating and set a $100.00 target price (down previously from $200.00) on shares of ICF International in a report on Friday, February 28th. D. Boral Capital reissued an "outperform" rating and issued a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Finally, StockNews.com upgraded ICF International from a "hold" rating to a "buy" rating in a research report 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $140.20.

ICF International Price Performance

ICF International stock traded down $2.28 during midday trading on Thursday, reaching $83.99. The company had a trading volume of 269,896 shares, compared to its average volume of 172,901. The firm's fifty day simple moving average is $98.95 and its 200-day simple moving average is $130.04. ICF International, Inc. has a 12-month low of $75.91 and a 12-month high of $179.67. The company has a market capitalization of $1.55 billion, a P/E ratio of 14.76 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 Announces Dividend

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 given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. 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.