TimesSquare Capital Management LLC lessened its position in shares of ICF International Inc (NASDAQ:ICFI) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 697,419 shares of the business services provider’s stock after selling 113,555 shares during the quarter. TimesSquare Capital Management LLC owned approximately 3.74% of ICF International worth $36,614,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Systematic Financial Management LP grew its position in ICF International by 392.2% during the third quarter. Systematic Financial Management LP now owns 159,432 shares of the business services provider’s stock valued at $8,601,000 after buying an additional 127,037 shares during the period. State Street Corp grew its position in ICF International by 5.3% during the second quarter. State Street Corp now owns 359,155 shares of the business services provider’s stock valued at $16,916,000 after buying an additional 18,151 shares during the period. Nationwide Fund Advisors grew its position in ICF International by 41.8% during the third quarter. Nationwide Fund Advisors now owns 36,703 shares of the business services provider’s stock valued at $1,980,000 after buying an additional 10,825 shares during the period. Ramsey Quantitative Systems acquired a new stake in ICF International during the fourth quarter valued at $207,000. Finally, GW&K Investment Management LLC grew its position in ICF International by 96.1% during the fourth quarter. GW&K Investment Management LLC now owns 309,476 shares of the business services provider’s stock valued at $16,247,000 after buying an additional 151,661 shares during the period. Institutional investors own 92.41% of the company’s stock.
Shares of ICF International Inc (ICFI) traded up $0.20 during midday trading on Friday, hitting $61.20. 134,919 shares of the stock traded hands, compared to its average volume of 133,748. ICF International Inc has a 1-year low of $40.20 and a 1-year high of $61.75. The firm has a market capitalization of $1,135.87, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.33.
ICF International (NASDAQ:ICFI) last announced its earnings results on Tuesday, February 27th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.78. ICF International had a net margin of 5.12% and a return on equity of 9.95%. The business had revenue of $321.17 million for the quarter, compared to analyst estimates of $307.52 million. equities analysts expect that ICF International Inc will post 3.71 EPS for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, March 28th.
Several analysts recently commented on the stock. Barrington Research restated an “outperform” rating and set a $67.00 price target (up previously from $65.00) on shares of ICF International in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of ICF International from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Wednesday, February 28th. Wells Fargo raised their price target on shares of ICF International from $58.00 to $61.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. ValuEngine lowered shares of ICF International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, BidaskClub lowered shares of ICF International from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $63.25.
In other news, CEO Sudhakar Kesavan sold 14,722 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $60.00, for a total value of $883,320.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 61,264 shares of company stock worth $3,615,840. Insiders own 5.48% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/17/timessquare-capital-management-llc-has-36-61-million-position-in-icf-international-inc-icfi.html.
About ICF International
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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.