Teton Advisors Inc. Sells 9,500 Shares of ICF International, Inc. (NASDAQ:ICFI)

Teton Advisors Inc. trimmed its holdings in ICF International, Inc. (NASDAQ:ICFI) by 65.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,000 shares of the business services provider’s stock after selling 9,500 shares during the quarter. Teton Advisors Inc.’s holdings in ICF International were worth $670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First National Advisers LLC bought a new stake in ICF International during the 3rd quarter worth about $202,000. Handelsbanken Fonder AB raised its holdings in ICF International by 29.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,822 shares of the business services provider’s stock worth $462,000 after purchasing an additional 878 shares during the last quarter. Trust Point Inc. bought a new stake in ICF International during the 4th quarter worth about $995,000. Torray Investment Partners LLC raised its holdings in ICF International by 3.1% during the 3rd quarter. Torray Investment Partners LLC now owns 12,869 shares of the business services provider’s stock worth $1,555,000 after purchasing an additional 387 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in ICF International by 7.6% during the 3rd quarter. Zions Bancorporation N.A. now owns 15,252 shares of the business services provider’s stock worth $1,843,000 after purchasing an additional 1,079 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO James C. M. Morgan sold 2,400 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total transaction of $372,408.00. Following the completion of the sale, the chief operating officer now directly owns 39,814 shares of the company’s stock, valued at approximately $6,177,938.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.38% of the stock is owned by company insiders.

ICF International Trading Up 1.6 %

Shares of ICFI stock traded up $2.34 on Thursday, reaching $146.27. The company had a trading volume of 103,280 shares, compared to its average volume of 91,369. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2.74 billion, a PE ratio of 33.05 and a beta of 0.61. The company has a 50-day moving average of $148.45 and a 200-day moving average of $139.72. ICF International, Inc. has a 12 month low of $108.58 and a 12 month high of $158.00.

ICF International (NASDAQ:ICFI) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.04. ICF International had a return on equity of 13.94% and a net margin of 4.21%. The business had revenue of $478.35 million during the quarter, compared to analysts’ expectations of $480.75 million. During the same period in the prior year, the business earned $1.56 EPS. ICF International’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts forecast that ICF International, Inc. will post 6.77 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 22nd were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.56 dividend on an annualized basis and a yield of 0.38%. ICF International’s payout ratio is 12.87%.

Analyst Ratings Changes

Several brokerages have weighed in on ICFI. Truist Financial boosted their price objective on ICF International from $148.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $170.00 price target on shares of ICF International in a research note on Tuesday, February 20th. Finally, Barrington Research upped their price target on ICF International from $145.00 to $173.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.75.

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.