BNP Paribas Financial Markets Boosts Position in ICF International, Inc. (NASDAQ:ICFI)

BNP Paribas Financial Markets raised its stake in ICF International, Inc. (NASDAQ:ICFI) by 411.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,226 shares of the business services provider’s stock after buying an additional 72,595 shares during the period. BNP Paribas Financial Markets’ holdings in ICF International were worth $10,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Torray Investment Partners LLC boosted its holdings in shares of ICF International by 1.2% in the fourth quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider’s stock valued at $1,562,000 after purchasing an additional 152 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of ICF International by 1.0% in the 4th quarter. Russell Investments Group Ltd. now owns 21,065 shares of the business services provider’s stock worth $2,511,000 after buying an additional 218 shares during the period. SG Americas Securities LLC grew its position 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 buying an additional 339 shares in the last quarter. Handelsbanken Fonder AB increased its stake 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 valued at $623,000 after buying an additional 400 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of ICF International by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider’s stock valued at $1,358,000 after acquiring an additional 626 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com downgraded shares of ICF International from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Barrington Research cut their price objective on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Truist Financial lowered their target price on ICF International from $97.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, Canaccord Genuity Group cut their price target on ICF International from $100.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.20.

ICF International Price Performance

Shares of ICFI opened at $86.76 on Friday. The company has a 50 day moving average of $84.41 and a two-hundred day moving average of $113.24. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 15.25 and a beta of 0.48. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a twelve month low of $75.91 and a twelve month high of $179.67.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm had revenue of $487.62 million for the quarter, compared to the consensus estimate of $487.28 million. During the same period in the previous year, the business earned $1.77 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts predict that ICF International, Inc. will post 7.44 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, June 6th. ICF International’s payout ratio is currently 9.61%.

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.