ICF International, Inc. (NASDAQ:ICFI) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. cut its holdings in shares of ICF International, Inc. (NASDAQ:ICFI) by 65.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the business services provider’s stock after selling 9,500 shares during the quarter. Teton Advisors Inc.’s holdings in ICF International were worth $670,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ICFI. First National Advisers LLC acquired a new stake in shares of ICF International in the 3rd quarter valued at $202,000. Handelsbanken Fonder AB raised its holdings in shares of ICF International by 29.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,822 shares of the business services provider’s stock valued at $462,000 after purchasing an additional 878 shares in the last quarter. Trust Point Inc. acquired a new stake in shares of ICF International in the 4th quarter valued at $995,000. Torray Investment Partners LLC raised its holdings in shares of ICF International by 3.1% in the 3rd quarter. Torray Investment Partners LLC now owns 12,869 shares of the business services provider’s stock valued at $1,555,000 after purchasing an additional 387 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in shares of ICF International by 7.6% in the 3rd quarter. Zions Bancorporation N.A. now owns 15,252 shares of the business services provider’s stock valued at $1,843,000 after purchasing an additional 1,079 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Stock Up 1.6 %

Shares of NASDAQ ICFI traded up $2.34 during mid-day trading on Thursday, reaching $146.27. The company had a trading volume of 103,280 shares, compared to its average volume of 91,369. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $148.45 and a two-hundred day simple moving average of $139.72. The stock has a market cap of $2.74 billion, a P/E ratio of 33.05 and a beta of 0.61. ICF International, Inc. has a 52-week low of $108.58 and a 52-week high of $158.00.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.04. ICF International had a net margin of 4.21% and a return on equity of 13.94%. The company had revenue of $478.35 million for the quarter, compared to the consensus estimate of $480.75 million. During the same period last year, the firm posted $1.56 EPS. ICF International’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts predict that ICF International, Inc. will post 6.77 earnings per share for the current year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, March 21st. ICF International’s payout ratio is 12.87%.

Insider Activity at ICF International

In related news, COO James C. M. Morgan sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $155.17, for a total value of $372,408.00. Following the completion of the sale, the chief operating officer now owns 39,814 shares in the company, valued at $6,177,938.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.38% of the company’s stock.

Analyst Upgrades and Downgrades

ICFI has been the topic of a number of analyst reports. Truist Financial raised their price objective on shares of ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Barrington Research increased their target price on shares of ICF International from $145.00 to $173.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $170.00 target price on shares of ICF International in a research report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $162.75.

About ICF International

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.