Tocqueville Asset Management L.P. decreased its position in shares of ICF International Inc. (NASDAQ:ICFI) by 9.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,750 shares of the company’s stock after selling 12,300 shares during the period. Tocqueville Asset Management L.P.’s holdings in ICF International were worth $4,693,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Emerald Advisers Inc. PA acquired a new stake in shares of ICF International during the second quarter worth $513,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of ICF International during the second quarter worth $250,000. Palo Capital Inc. acquired a new stake in shares of ICF International during the second quarter worth $408,000. Kennedy Capital Management Inc. increased 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 in the last quarter. Finally, Zebra Capital Management LLC acquired a new stake in shares of ICF International during the first quarter worth $610,000. 92.70% of the stock is owned by institutional investors and hedge funds.
ICF International Inc. (NASDAQ:ICFI) traded up 0.78% on Wednesday, reaching $45.25. 28,940 shares of the company’s stock traded hands. The stock has a market capitalization of $858.48 million, a PE ratio of 20.55 and a beta of 1.15. ICF International Inc. has a 52-week low of $30.29 and a 52-week high of $45.83. The firm’s 50-day moving average is $43.90 and its 200 day moving average is $40.98.
ICF International (NASDAQ:ICFI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. ICF International had a net margin of 3.67% and a return on equity of 10.23%. The business had revenue of $305.40 million for the quarter, compared to analyst estimates of $294.06 million. During the same period last year, the business posted $0.63 EPS. ICF International’s revenue was up 5.7% compared to the same quarter last year. Analysts forecast that ICF International Inc. will post $2.88 EPS for the current year.
A number of brokerages recently weighed in on ICFI. Zacks Investment Research downgraded shares of ICF International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Stifel Nicolaus boosted their price objective on shares of ICF International from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. ICF International currently has a consensus rating of “Hold” and an average target price of $50.00.
In other ICF International news, EVP Ellen Glover sold 8,952 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $43.00, for a total value of $384,936.00. Following the completion of the sale, the executive vice president now directly owns 34,246 shares of the company’s stock, valued at approximately $1,472,578. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Wasson sold 9,412 shares of the stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $45.00, for a total transaction of $423,540.00. Following the completion of the sale, the insider now directly owns 55,739 shares of the company’s stock, valued at $2,508,255. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.
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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