Rhumbline Advisers lifted its holdings in shares of ICF International, Inc. (NASDAQ:ICFI) by 5.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,411 shares of the business services provider’s stock after acquiring an additional 1,344 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of ICF International worth $2,408,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of ICFI. Sowell Financial Services LLC lifted its holdings in ICF International by 1.6% during the 1st quarter. Sowell Financial Services LLC now owns 11,832 shares of the business services provider’s stock worth $1,102,000 after purchasing an additional 190 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in ICF International by 34.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,318 shares of the business services provider’s stock worth $465,000 after purchasing an additional 1,365 shares during the last quarter. Hilton Capital Management LLC acquired a new stake in ICF International during the 1st quarter worth approximately $205,000. Rock Point Advisors LLC lifted its holdings in ICF International by 4.3% during the 1st quarter. Rock Point Advisors LLC now owns 72,921 shares of the business services provider’s stock worth $6,373,000 after purchasing an additional 3,007 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in ICF International by 9.7% during the 1st quarter. Geode Capital Management LLC now owns 301,616 shares of the business services provider’s stock worth $26,361,000 after purchasing an additional 26,677 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.
Separately, Zacks Investment Research raised ICF International from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, May 26th.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Tuesday, August 3rd. The business services provider reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.21. The firm had revenue of $392.53 million during the quarter, compared to analysts’ expectations of $376.36 million. ICF International had a return on equity of 12.17% and a net margin of 4.43%. On average, equities analysts expect that ICF International, Inc. will post 4.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 13th. Shareholders of record on Friday, September 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $0.56 annualized dividend and a yield of 0.64%. ICF International’s dividend payout ratio is presently 13.43%.
ICF International Company Profile
ICF International, Inc engages in the provision of technology-based solutions and services to government and commercial clients. It serves the Energy, Environment, and Infrastructure; Health, Education, and Social Programs; Safety and Security; and Consumer and Financial markets. The company was founded in 1969 and is headquartered in Fairfax, VA.
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