ICF International, Inc. (NASDAQ:ICFI) Shares Sold by Saturna Capital Corp

Saturna Capital Corp decreased its holdings in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 39.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,808 shares of the business services provider's stock after selling 4,392 shares during the period. Saturna Capital Corp's holdings in ICF International were worth $1,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in ICF International during the first quarter valued at approximately $167,000. Clearbridge Investments LLC boosted its position in shares of ICF International by 2.5% in the 1st quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider's stock worth $19,187,000 after purchasing an additional 3,070 shares in the last quarter. Argent Capital Management LLC boosted its position in shares of ICF International by 10.2% in the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider's stock worth $4,070,000 after purchasing an additional 2,542 shares in the last quarter. Bank of New York Mellon Corp grew its stake in ICF International by 2.2% during 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 buying an additional 2,173 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its position 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 valued at $15,817,000 after buying an additional 1,367 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

ICF International Stock Performance

NASDAQ ICFI traded down $1.15 during trading hours on Wednesday, reaching $167.34. The stock had a trading volume of 217,659 shares, compared to its average volume of 100,408. ICF International, Inc. has a 52-week low of $128.28 and a 52-week high of $179.67. The stock has a fifty day moving average of $167.79 and a 200 day moving average of $154.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $3.14 billion, a P/E ratio of 30.33 and a beta of 0.61.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.36. The firm had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 earnings per share. Sell-side analysts predict that ICF International, Inc. will post 7.45 earnings per share for the current year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Friday, December 6th. ICF International's dividend payout ratio (DPR) is 9.84%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barrington Research restated an "outperform" rating and set a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Truist Financial boosted their target price on shares of ICF International from $155.00 to $180.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Finally, StockNews.com raised shares of ICF International from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ICF International presently has an average rating of "Moderate Buy" and a consensus target price of $166.00.

Insider Activity at ICF International

In related news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the sale, the executive vice president now directly owns 3,417 shares of the company's stock, valued at approximately $563,805. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at $563,805. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Wasson sold 1,417 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the sale, the chief executive officer now directly owns 52,605 shares of the company's stock, valued at $8,687,189.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,823 shares of company stock worth $1,165,078. 1.39% of the stock is owned by corporate insiders.

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.