Nisa Investment Advisors LLC acquired a new stake in shares of ICF International, Inc. (NASDAQ:ICFI – Get Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 380 shares of the business services provider’s stock, valued at approximately $36,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ICFI. Congress Wealth Management LLC DE purchased a new stake in ICF International during the 4th quarter valued at approximately $4,689,000. Cornerstone Investment Partners LLC purchased a new stake in ICF International during the 4th quarter valued at approximately $216,000. UMB Bank N A MO purchased a new stake in ICF International during the 4th quarter valued at approximately $65,000. Pinebridge Investments L.P. acquired a new position in ICF International during the 4th quarter worth approximately $92,000. Finally, Geode Capital Management LLC increased its position in ICF International by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 315,060 shares of the business services provider’s stock worth $32,309,000 after purchasing an additional 2,331 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on ICFI. StockNews.com upgraded ICF International from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. Barrington Research boosted their target price on ICF International from $118.00 to $121.00 and gave the stock an “outperform” rating in a research report on Monday, June 13th.
ICF International Stock Performance
ICF International (NASDAQ:ICFI – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The business services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.20. The business had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $401.66 million. ICF International had a return on equity of 12.05% and a net margin of 4.45%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. As a group, equities analysts anticipate that ICF International, Inc. will post 5.35 EPS for the current fiscal year.
ICF International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Friday, June 10th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, June 9th. ICF International’s dividend payout ratio (DPR) is presently 15.09%.
About ICF International
ICF International, Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. It 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.
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