Wilmington Savings Fund Society FSB Makes New $734,000 Investment in ICF International, Inc. (NASDAQ:ICFI)

Wilmington Savings Fund Society FSB purchased a new stake in ICF International, Inc. (NASDAQ:ICFI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,400 shares of the business services provider's stock, valued at approximately $734,000.

A number of other large investors also recently bought and sold shares of ICFI. Farther Finance Advisors LLC lifted its holdings in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider's stock valued at $84,000 after purchasing an additional 58 shares in the last quarter. Marshall Wace LLP purchased a new position in ICF International in the 2nd quarter valued at about $301,000. AlphaMark Advisors LLC acquired a new stake in ICF International in the 3rd quarter worth about $342,000. Martingale Asset Management L P increased its stake in ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock worth $567,000 after buying an additional 690 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider's stock valued at $603,000 after acquiring an additional 967 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

ICF International Trading Up 0.5 %

ICF International stock traded up $0.66 during midday trading on Monday, hitting $125.94. 203,599 shares of the stock were exchanged, compared to its average volume of 115,653. The stock's 50-day simple moving average is $154.41 and its 200 day simple moving average is $152.62. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 22.13 and a beta of 0.54. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a fifty-two week low of $124.78 and a fifty-two week high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 earnings per share. On average, equities analysts anticipate that ICF International, Inc. will post 7.35 EPS for the current year.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, December 6th. ICF International's dividend payout ratio is presently 9.84%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ICFI. Truist Financial dropped their price target on ICF International from $180.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, November 22nd. StockNews.com cut shares of ICF International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 27th. Barrington Research reissued an "outperform" rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. D. Boral Capital reaffirmed an "outperform" rating and set a $174.00 price objective on shares of ICF International in a research note on Monday. Finally, Sidoti raised shares of ICF International from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $168.60.

Insider Activity

In other news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the sale, the chief operating officer now directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott B. Salmirs bought 400 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the purchase, the director now directly owns 5,803 shares in the company, valued at $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 4,038 shares of company stock valued at $705,355. Company 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.