ICF International, Inc. (NASDAQ:ICFI) Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. raised its stake in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 10.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 353,824 shares of the business services provider's stock after acquiring an additional 34,299 shares during the quarter. Congress Asset Management Co. owned approximately 1.89% of ICF International worth $59,014,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. acquired a new stake in ICF International in the first quarter worth about $25,000. SG Americas Securities LLC bought a new position in ICF International during the 1st quarter worth $167,000. Marshall Wace LLP bought a new position in shares of ICF International in the second quarter worth $301,000. AlphaMark Advisors LLC bought a new position in shares of ICF International in the third quarter worth $342,000. Finally, Torray Investment Partners LLC increased its position in shares of ICF International by 8.7% in the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider's stock worth $2,145,000 after purchasing an additional 1,159 shares during the period. 94.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $159.75.

ICF International Stock Performance

Shares of NASDAQ:ICFI traded down $2.51 during midday trading on Thursday, reaching $168.59. 109,923 shares of the company traded hands, compared to its average volume of 97,066. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. ICF International, Inc. has a 12 month low of $115.67 and a 12 month high of $178.18. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 32.36 and a beta of 0.61. The firm's fifty day moving average price is $166.85 and its two-hundred day moving average price is $152.46.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.20. The firm had revenue of $512.03 million during the quarter, compared to analysts' expectations of $505.70 million. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 EPS. On average, equities analysts expect that ICF International, Inc. will post 7.06 earnings per share for the current year.

Insider Transactions at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total value of $381,250.00. Following the completion of the sale, the chief operating officer now owns 40,163 shares of the company's stock, valued at approximately $6,124,857.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total transaction of $381,250.00. Following the transaction, the chief operating officer now directly owns 40,163 shares in the company, valued at approximately $6,124,857.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the sale, the executive vice president now directly owns 3,417 shares in the company, valued at approximately $563,805. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,785 shares of company stock valued at $1,278,648. Corporate insiders own 1.39% of the company's stock.

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.