Quantbot Technologies LP Invests $852,000 in ICF International, Inc. (NASDAQ:ICFI)

Quantbot Technologies LP purchased a new stake in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 5,111 shares of the business services provider's stock, valued at approximately $852,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. boosted its stake in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider's stock valued at $59,014,000 after buying an additional 34,299 shares during the last quarter. Peregrine Capital Management LLC grew its holdings in ICF International by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider's stock worth $15,817,000 after acquiring an additional 1,367 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of ICF International by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider's stock worth $14,778,000 after purchasing an additional 2,173 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of ICF International by 5.3% in the 3rd quarter. Argent Capital Management LLC now owns 28,880 shares of the business services provider's stock valued at $4,817,000 after purchasing an additional 1,462 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of ICF International by 0.9% during the second quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider's stock worth $4,081,000 after purchasing an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

ICF International Stock Performance

ICFI stock traded down $3.42 during mid-day trading on Monday, reaching $135.15. The company had a trading volume of 394,183 shares, compared to its average volume of 112,129. ICF International, Inc. has a one year low of $128.28 and a one year high of $179.67. The stock has a market capitalization of $2.54 billion, a P/E ratio of 24.20 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock's 50-day simple moving average is $161.44 and its two-hundred day simple moving average is $153.53.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period last year, the firm posted $1.81 EPS. ICF International's quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts anticipate that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, December 6th. ICF International's dividend payout ratio (DPR) is 9.84%.

Analysts Set New Price Targets

ICFI has been the subject of several research analyst reports. Sidoti raised ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Tuesday, November 19th. Truist Financial lowered their price target on ICF International from $180.00 to $140.00 and set a "hold" rating for the company in a report on Friday, November 22nd. StockNews.com lowered shares of ICF International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 27th. Finally, Barrington Research restated an "outperform" rating and issued a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $167.25.

Insider Activity at ICF International

In related news, EVP Anne F. Choate sold 1,438 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the sale, the executive vice president now owns 3,417 shares of the company's stock, valued at $593,293.71. This represents a 29.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott B. Salmirs bought 400 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the purchase, the director now owns 5,803 shares in the company, valued at $803,019.14. This trade represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 4,038 shares of company stock worth $705,355 in the last three months. 1.39% of the stock is owned by company insiders.

ICF International Company 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.