KLP Kapitalforvaltning AS Buys Shares of 7,200 ICF International, Inc. (NASDAQ:ICFI)

KLP Kapitalforvaltning AS acquired a new position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,200 shares of the business services provider's stock, valued at approximately $859,000.

Other institutional investors also recently modified their holdings of the company. Pier Capital LLC acquired a new stake in ICF International during the 3rd quarter valued at $6,579,000. Hillsdale Investment Management Inc. lifted its stake in shares of ICF International by 76,550.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock worth $3,655,000 after buying an additional 30,620 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of ICF International by 453.9% during the 4th quarter. Quantbot Technologies LP now owns 28,310 shares of the business services provider's stock worth $3,375,000 after buying an additional 23,199 shares during the period. Tributary Capital Management LLC boosted its holdings in shares of ICF International by 10.9% during the 4th quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider's stock worth $25,256,000 after buying an additional 20,861 shares during the period. Finally, Geode Capital Management LLC grew its stake in 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 last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Price Performance

NASDAQ:ICFI traded up $0.10 during trading hours on Friday, reaching $84.09. 320,469 shares of the company were exchanged, compared to its average volume of 174,540. The business has a 50 day moving average of $97.31 and a 200 day moving average of $128.88. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $1.55 billion, a P/E ratio of 14.78 and a beta of 0.49.

ICF International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. ICF International's dividend payout ratio is currently 9.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. 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. Barrington Research reduced their price target on ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. StockNews.com upgraded ICF International from a "hold" rating to a "buy" rating in a research report on Saturday, March 29th. Finally, D. Boral Capital reissued an "outperform" rating and set a $174.00 target price on shares of ICF International in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, ICF International has an average rating of "Moderate Buy" and an average price target of $140.20.

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.