Sterling Capital Management LLC Sells 3,904 Shares of ICF International, Inc. (NASDAQ:ICFI)

Sterling Capital Management LLC cut its holdings in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,288 shares of the business services provider's stock after selling 3,904 shares during the period. Sterling Capital Management LLC's holdings in ICF International were worth $1,107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hillsdale Investment Management Inc. grew its position in ICF International by 76,550.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock valued at $3,655,000 after purchasing an additional 30,620 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of ICF International by 453.9% in the 4th quarter. Quantbot Technologies LP now owns 28,310 shares of the business services provider's stock worth $3,375,000 after acquiring an additional 23,199 shares during the period. Tributary Capital Management LLC lifted 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 acquiring an additional 20,861 shares during the period. Geode Capital Management LLC grew its position in ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider's stock valued at $73,566,000 after acquiring an additional 18,109 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in ICF International during the fourth quarter worth about $859,000. Institutional investors and hedge funds own 94.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ICFI shares. StockNews.com upgraded shares of ICF International from a "hold" rating to a "buy" rating in a research report on Saturday, March 29th. Truist Financial dropped their target price on shares of ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a report on Monday. Canaccord Genuity Group reiterated a "hold" rating and issued a $100.00 price target (down previously from $200.00) on shares of ICF International in a research note on Friday, February 28th. Finally, Barrington Research reduced their price objective on ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. 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.com, ICF International has an average rating of "Moderate Buy" and a consensus target price of $129.20.

ICF International Trading Up 0.2 %

Shares of ICFI stock traded up $0.19 during trading hours on Friday, hitting $82.98. 231,015 shares of the company were exchanged, compared to its average volume of 181,340. The company has a 50 day simple moving average of $88.67 and a two-hundred day simple moving average of $122.38. ICF International, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $179.67. The firm has a market cap of $1.53 billion, a P/E ratio of 14.58 and a beta of 0.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Friday, March 28th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, March 28th. ICF International's dividend payout ratio (DPR) 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.