ICF International, Inc. $ICFI Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC grew its position in shares of ICF International, Inc. (NASDAQ:ICFI) by 126.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 464,584 shares of the business services provider’s stock after purchasing an additional 259,581 shares during the quarter. ICF International makes up about 2.0% of Tributary Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Tributary Capital Management LLC’s holdings in ICF International were worth $43,113,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ICFI. Bank of New York Mellon Corp increased its holdings in ICF International by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 85,896 shares of the business services provider’s stock valued at $7,276,000 after buying an additional 3,906 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in shares of ICF International during the 2nd quarter valued at about $270,000. Argent Capital Management LLC increased its stake in shares of ICF International by 26.4% in the 2nd quarter. Argent Capital Management LLC now owns 47,946 shares of the business services provider’s stock valued at $4,062,000 after purchasing an additional 10,028 shares in the last quarter. Zions Bancorporation National Association UT increased its stake in shares of ICF International by 7.1% in the 2nd quarter. Zions Bancorporation National Association UT now owns 21,063 shares of the business services provider’s stock valued at $1,784,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in ICF International by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 454,451 shares of the business services provider’s stock worth $38,502,000 after purchasing an additional 2,786 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ICF International

In other ICF International news, Director Randall Mehl acquired 500 shares of the business’s stock in a transaction on Monday, November 17th. The stock was bought at an average price of $77.00 per share, for a total transaction of $38,500.00. Following the acquisition, the director owned 20,474 shares in the company, valued at approximately $1,576,498. The trade was a 2.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.48% of the company’s stock.

ICF International Stock Performance

Shares of NASDAQ:ICFI opened at $87.77 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.41 and a quick ratio of 1.41. ICF International, Inc. has a 1 year low of $72.03 and a 1 year high of $135.34. The firm has a market capitalization of $1.62 billion, a PE ratio of 16.56 and a beta of 0.42. The business’s 50 day moving average price is $82.95 and its 200-day moving average price is $88.51.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.08). ICF International had a net margin of 5.13% and a return on equity of 13.40%. The firm had revenue of $465.41 million during the quarter, compared to analyst estimates of $485.10 million. During the same period in the prior year, the company posted $2.13 earnings per share. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities research analysts expect that ICF International, Inc. will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 5th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, December 5th. This represents a $0.56 dividend on an annualized basis and a yield of 0.6%. ICF International’s payout ratio is presently 10.57%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of ICF International in a report on Monday, December 29th. Canaccord Genuity Group assumed coverage on shares of ICF International in a research note on Tuesday, December 2nd. They issued a “buy” rating and a $115.00 price target on the stock. Finally, Barrington Research reduced their price objective on shares of ICF International from $107.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, ICF International presently has an average rating of “Moderate Buy” and a consensus price target of $100.67.

ICF International Profile

ICF International (NASDAQ: ICFI), commonly known as ICF, is a global consulting and digital services provider specializing in the intersection of strategy, technology, and policy. The firm delivers integrated services and solutions to government and commercial clients in areas such as energy and environment, health and social programs, transportation, infrastructure, technology, and marketing and communications. ICF’s offerings span strategic planning, data analytics, program evaluation, digital transformation, and implementation support.

Founded in 1969 and headquartered in Reston, Virginia, ICF has grown through both organic expansion and targeted acquisitions to broaden its capabilities and geographic reach.