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

Sterling Capital Management LLC lowered its stake in shares of ICF International, Inc. (NASDAQ:ICFI) by 29.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in shares of ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after purchasing an additional 339 shares during the last quarter. Cibc World Markets Corp purchased a new stake in ICF International in the 4th quarter worth approximately $208,000. Millstone Evans Group LLC acquired a new position in ICF International in the 4th quarter valued at $447,000. Wilmington Savings Fund Society FSB purchased a new position in shares of ICF International during the 3rd quarter worth $734,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of ICF International by 8.3% during the fourth quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider’s stock worth $623,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Price Performance

ICF International stock opened at $80.84 on Wednesday. The firm has a fifty day moving average of $90.62 and a 200-day moving average of $123.81. ICF International, Inc. has a 52-week low of $75.91 and a 52-week high of $179.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.49 billion, a P/E ratio of 14.21 and a beta of 0.49.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Friday, March 28th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.56 annualized dividend and a yield of 0.69%. ICF International’s dividend payout ratio is currently 9.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ICFI shares. Barrington Research reduced their target price on ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Canaccord Genuity Group restated a “hold” rating and issued a $100.00 target price (down from $200.00) on shares of ICF International in a report on Friday, February 28th. Truist Financial decreased their price target on shares of ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a report on Monday. Finally, StockNews.com raised ICF International from a “hold” rating to a “buy” rating in a research report on Saturday, March 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.20.

ICF International Company 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.