ICF International, Inc. (NASDAQ:ICFI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of ICF International, Inc. (NASDAQ:ICFI) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,453 shares of the business services provider’s stock after selling 3,911 shares during the period. Bank of New York Mellon Corp’s holdings in ICF International were worth $9,829,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ICFI. SG Americas Securities LLC lifted its position in ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 339 shares during the period. Martingale Asset Management L P increased its stake in shares of ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after purchasing an additional 690 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of ICF International by 36.5% during the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after purchasing an additional 967 shares in the last quarter. Handelsbanken Fonder AB grew its stake in ICF International by 8.3% in the 4th quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider’s stock worth $623,000 after acquiring an additional 400 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in ICF International in the 3rd quarter worth approximately $734,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, November 19th. D. Boral Capital reiterated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. StockNews.com lowered shares of ICF International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Barrington Research cut their target price on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.20.

ICF International Price Performance

NASDAQ ICFI opened at $85.86 on Friday. ICF International, Inc. has a 52 week low of $75.91 and a 52 week high of $179.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 15.09 and a beta of 0.56. The company has a 50-day moving average price of $109.20 and a two-hundred day moving average price of $137.30.

ICF International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, March 28th. ICF International’s dividend payout ratio (DPR) is 9.61%.

About ICF International

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.