Wedge Capital Management L L P NC Has $511,000 Position in ICF International Inc (ICFI)

Wedge Capital Management L L P NC lessened its position in shares of ICF International Inc (NASDAQ:ICFI) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,718 shares of the business services provider’s stock after selling 144 shares during the period. Wedge Capital Management L L P NC’s holdings in ICF International were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. increased its holdings in ICF International by 343.0% during the 1st quarter. Meeder Asset Management Inc. now owns 1,803 shares of the business services provider’s stock worth $138,000 after acquiring an additional 1,396 shares during the period. One Wealth Advisors LLC increased its holdings in ICF International by 6.2% during the 4th quarter. One Wealth Advisors LLC now owns 4,358 shares of the business services provider’s stock worth $282,000 after acquiring an additional 254 shares during the period. BNP Paribas Arbitrage SA grew its stake in ICF International by 166.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,066 shares of the business services provider’s stock worth $309,000 after buying an additional 2,539 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in ICF International by 365.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,914 shares of the business services provider’s stock worth $383,000 after buying an additional 4,644 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in ICF International by 104.3% in the 1st quarter. SG Americas Securities LLC now owns 7,971 shares of the business services provider’s stock worth $606,000 after buying an additional 4,070 shares in the last quarter. 92.47% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Sergio J. Ostria sold 9,063 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $75.02, for a total value of $679,906.26. Following the completion of the sale, the executive vice president now owns 15,858 shares of the company’s stock, valued at approximately $1,189,667.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.67% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on ICFI shares. Cowen reissued a “buy” rating and issued a $80.00 price target on shares of ICF International in a research note on Wednesday, February 6th. BidaskClub cut shares of ICF International from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. Berenberg Bank started coverage on shares of ICF International in a research note on Wednesday, February 13th. They issued a “hold” rating and a $77.00 price target for the company. Barrington Research reissued an “outperform” rating on shares of ICF International in a research note on Monday, March 4th. Finally, ValuEngine raised shares of ICF International from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $84.80.

ICFI stock traded up $0.15 during midday trading on Thursday, reaching $74.18. The company had a trading volume of 623 shares, compared to its average volume of 93,205. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.42 and a quick ratio of 1.42. ICF International Inc has a 1 year low of $60.22 and a 1 year high of $82.25. The stock has a market cap of $1.39 billion, a PE ratio of 19.87, a P/E/G ratio of 1.75 and a beta of 0.62.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.09. ICF International had a net margin of 4.67% and a return on equity of 11.37%. The business had revenue of $341.25 million during the quarter, compared to analysts’ expectations of $328.54 million. During the same quarter in the previous year, the company earned $0.77 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, research analysts expect that ICF International Inc will post 4.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 14th will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. ICF International’s dividend payout ratio (DPR) is 15.01%.

ILLEGAL ACTIVITY WARNING: “Wedge Capital Management L L P NC Has $511,000 Position in ICF International Inc (ICFI)” was originally reported by WKRB News and is the sole property of of WKRB News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.wkrb13.com/2019/05/16/wedge-capital-management-l-l-p-nc-has-511000-position-in-icf-international-inc-icfi.html.

ICF International Company Profile

ICF International Inc provides management, marketing, 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, market, business, communication, and technology challenges.

Further Reading: Are all No-Load Funds Equal?

Want to see what other hedge funds are holding ICFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ICF International Inc (NASDAQ:ICFI).

Institutional Ownership by Quarter for ICF International (NASDAQ:ICFI)

Receive News & Ratings for ICF International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICF International and related companies with MarketBeat.com's FREE daily email newsletter.