ICF International, Inc. (NASDAQ:ICFI) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC reduced its stake in ICF International, Inc. (NASDAQ:ICFI) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 191,002 shares of the business services provider’s stock after selling 919 shares during the quarter. ICF International comprises 2.5% of Tributary Capital Management LLC’s holdings, making the stock its 4th largest holding. Tributary Capital Management LLC owned about 1.02% of ICF International worth $31,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. acquired a new stake in ICF International during the first quarter worth approximately $25,000. Rhumbline Advisers lifted its position in shares of ICF International by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after acquiring an additional 247 shares during the period. SG Americas Securities LLC bought a new position in ICF International during the first quarter worth $167,000. Torray Investment Partners LLC grew its holdings in ICF International by 8.7% in the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock worth $2,145,000 after purchasing an additional 1,159 shares during the period. Finally, Peregrine Capital Management LLC increased its stake in ICF International by 1.3% in the second quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock valued at $15,817,000 after purchasing an additional 1,367 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barrington Research reaffirmed 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 cut shares of ICF International from a “buy” rating to a “hold” rating and dropped their target price for the company from $168.00 to $155.00 in a research note on Monday, July 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $159.75.

ICF International Price Performance

Shares of ICF International stock opened at $168.11 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19. ICF International, Inc. has a one year low of $115.67 and a one year high of $178.18. The business’s 50 day simple moving average is $166.01 and its two-hundred day simple moving average is $151.84. The stock has a market capitalization of $3.15 billion, a P/E ratio of 32.27 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.20. The firm had revenue of $512.03 million for the quarter, compared to the consensus estimate of $505.70 million. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 EPS. Analysts forecast that ICF International, Inc. will post 7.06 EPS for the current year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 6th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Friday, September 6th. ICF International’s dividend payout ratio (DPR) is presently 10.75%.

Insider Buying and Selling at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total value of $381,250.00. Following the completion of the sale, the chief operating officer now owns 40,163 shares of the company’s stock, valued at $6,124,857.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total transaction of $381,250.00. Following the transaction, the chief operating officer now directly owns 40,163 shares in the company, valued at approximately $6,124,857.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at $563,805. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,785 shares of company stock worth $1,278,648. 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.