UBS Asset Management Americas Inc. Buys 766 Shares of ICF International Inc (NASDAQ:ICFI)
UBS Asset Management Americas Inc. boosted its stake in ICF International Inc (NASDAQ:ICFI) by 6.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,867 shares of the business services provider’s stock after acquiring an additional 766 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in ICF International were worth $864,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Copper Rock Capital Partners LLC lifted its stake in ICF International by 13.2% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 325,548 shares of the business services provider’s stock valued at $23,700,000 after purchasing an additional 38,051 shares during the last quarter. SG Americas Securities LLC increased its position in ICF International by 219.9% in the 2nd quarter. SG Americas Securities LLC now owns 25,499 shares of the business services provider’s stock valued at $1,856,000 after acquiring an additional 17,528 shares during the period. Dupont Capital Management Corp acquired a new position in ICF International in the 2nd quarter valued at approximately $639,000. Foresters Investment Management Company Inc. increased its position in ICF International by 84.0% in the 2nd quarter. Foresters Investment Management Company Inc. now owns 66,800 shares of the business services provider’s stock valued at $4,863,000 after acquiring an additional 30,500 shares during the period. Finally, Falcon Point Capital LLC increased its position in ICF International by 48.9% in the 2nd quarter. Falcon Point Capital LLC now owns 73,982 shares of the business services provider’s stock valued at $5,386,000 after acquiring an additional 24,293 shares during the period. 93.33% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Sudhakar Kesavan sold 11,966 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $85.00, for a total transaction of $1,017,110.00. Following the completion of the sale, the chief executive officer now directly owns 210,464 shares in the company, valued at $17,889,440. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.42% of the company’s stock.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.04. ICF International had a net margin of 4.60% and a return on equity of 11.73%. The firm had revenue of $366.70 million during the quarter, compared to analysts’ expectations of $356.58 million. During the same period in the prior year, the company posted $0.80 EPS. The company’s revenue was up 13.1% on a year-over-year basis. On average, equities analysts expect that ICF International Inc will post 4.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, September 12th. ICF International’s dividend payout ratio (DPR) is presently 15.01%.
Several equities analysts have issued reports on ICFI shares. ValuEngine cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Zacks Investment Research cut shares of ICF International from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a research report on Tuesday, August 20th. BidaskClub cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Barrington Research restated a “buy” rating and issued a $89.00 price target on shares of ICF International in a research report on Wednesday, August 7th. Finally, Sidoti upped their price target on shares of ICF International from $96.00 to $99.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. ICF International presently has an average rating of “Buy” and a consensus target price of $90.83.
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.
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