California Public Employees Retirement System cut its position in shares of ICF International Inc. (NASDAQ:ICFI) by 10.0% during the second quarter, Holdings Channel reports. The fund owned 23,400 shares of the company’s stock after selling 2,600 shares during the period. California Public Employees Retirement System owned 0.12% of ICF International worth $957,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Aperio Group LLC purchased a new stake in shares of ICF International during the first quarter worth about $270,000. TIAA CREF Investment Management LLC raised its stake in shares of ICF International by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 95,055 shares of the company’s stock worth $3,267,000 after buying an additional 5,703 shares during the last quarter. Zebra Capital Management LLC purchased a new stake in shares of ICF International during the first quarter worth about $610,000. Kennedy Capital Management Inc. raised its stake in shares of ICF International by 9.8% in the first quarter. Kennedy Capital Management Inc. now owns 241,766 shares of the company’s stock worth $8,309,000 after buying an additional 21,670 shares during the last quarter. Finally, Palo Capital Inc. purchased a new stake in shares of ICF International during the second quarter worth about $408,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.
Shares of ICF International Inc. (NASDAQ:ICFI) traded up 0.33% during trading on Wednesday, hitting $45.05. The stock had a trading volume of 4,562 shares. ICF International Inc. has a one year low of $30.29 and a one year high of $45.83. The stock has a market cap of $854.69 million, a P/E ratio of 20.46 and a beta of 1.15. The stock’s 50 day moving average price is $43.90 and its 200-day moving average price is $40.98.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. The business earned $305.40 million during the quarter, compared to the consensus estimate of $294.06 million. ICF International had a net margin of 3.67% and a return on equity of 10.23%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. Analysts expect that ICF International Inc. will post $2.88 earnings per share for the current fiscal year.
A number of analysts recently issued reports on ICFI shares. Stifel Nicolaus boosted their price target on ICF International from $49.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.00.
In related news, EVP Ellen Glover sold 8,952 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $43.00, for a total transaction of $384,936.00. Following the completion of the transaction, the executive vice president now owns 34,246 shares of the company’s stock, valued at approximately $1,472,578. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Sudhakar Kesavan sold 9,633 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $43.00, for a total transaction of $414,219.00. Following the transaction, the chairman now directly owns 142,731 shares of the company’s stock, valued at approximately $6,137,433. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.
About ICF International
ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.
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