GW&K Investment Management LLC Grows Stake in ICF International Inc (NASDAQ:ICFI)

GW&K Investment Management LLC boosted its position in ICF International Inc (NASDAQ:ICFI) by 8.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,589 shares of the business services provider’s stock after purchasing an additional 31,708 shares during the period. GW&K Investment Management LLC owned about 2.21% of ICF International worth $35,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FTB Advisors Inc. increased its stake in ICF International by 106.6% in the 3rd quarter. FTB Advisors Inc. now owns 566 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 292 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in ICF International by 94.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 687 shares of the business services provider’s stock valued at $58,000 after buying an additional 334 shares during the last quarter. Paloma Partners Management Co acquired a new stake in ICF International during the 2nd quarter valued at $246,000. Dupont Capital Management Corp acquired a new stake in ICF International during the 2nd quarter valued at $639,000. Finally, UBS Asset Management Americas Inc. grew its holdings in ICF International by 6.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 11,867 shares of the business services provider’s stock valued at $864,000 after buying an additional 766 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:ICFI traded down $1.14 during trading hours on Friday, reaching $88.23. 79,200 shares of the company traded hands, compared to its average volume of 108,529. ICF International Inc has a 1-year low of $60.22 and a 1-year high of $92.06. The stock has a market cap of $1.62 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.06 and a beta of 0.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.66. The firm’s 50-day moving average is $81.75 and its 200-day moving average is $79.07.

ICF International (NASDAQ:ICFI) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. ICF International had a return on equity of 11.73% and a net margin of 4.60%. The business had revenue of $373.92 million for the quarter, compared to analyst estimates of $367.13 million. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts predict that ICF International Inc will post 4.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, December 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, December 12th. ICF International’s payout ratio is 15.01%.

A number of equities research analysts have commented on ICFI shares. Barrington Research reiterated an “outperform” rating and set a $98.00 target price (up previously from $89.00) on shares of ICF International in a report on Friday. ValuEngine cut ICF International from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. BidaskClub upgraded ICF International from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. William Blair reiterated a “market perform” rating on shares of ICF International in a report on Thursday. Finally, Sidoti increased their target price on ICF International from $96.00 to $99.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. ICF International currently has an average rating of “Buy” and an average price target of $92.33.

In other news, insider James C. M. Morgan sold 3,144 shares of ICF International stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $273,528.00. Following the sale, the insider now directly owns 40,716 shares of the company’s stock, valued at $3,542,292. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Sudhakar Kesavan sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $88.50, for a total value of $2,655,000.00. Following the completion of the sale, the chairman now directly owns 213,498 shares of the company’s stock, valued at $18,894,573. The disclosure for this sale can be found here. 4.67% of the stock is currently owned by insiders.

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. 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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Institutional Ownership by Quarter for ICF International (NASDAQ:ICFI)

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