Emerald Advisers Inc. PA acquired a new position in shares of ICF International Inc. (NASDAQ:ICFI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,549 shares of the company’s stock, valued at approximately $513,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust bought a new position in shares of ICF International during the second quarter worth about $250,000. Palo Capital Inc. bought a new position in shares of ICF International during the second quarter worth about $408,000. Kennedy Capital Management Inc. boosted its position 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 period. Zebra Capital Management LLC bought a new position in shares of ICF International during the first quarter worth about $610,000. Finally, NWQ Investment Management Company LLC boosted its position in shares of ICF International by 22.3% in the first quarter. NWQ Investment Management Company LLC now owns 529,970 shares of the company’s stock worth $18,215,000 after buying an additional 96,570 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.
ICF International Inc. (NASDAQ:ICFI) traded up 0.25% during mid-day trading on Wednesday, hitting $44.79. The company had a trading volume of 26,425 shares. ICF International Inc. has a 1-year low of $30.29 and a 1-year high of $45.83. The stock has a 50 day moving average price of $43.50 and a 200-day moving average price of $40.61. The stock has a market capitalization of $849.76 million, a PE ratio of 20.34 and a beta of 1.15.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $294.06 million. ICF International had a net margin of 3.67% and a return on equity of 10.23%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. On average, analysts forecast that ICF International Inc. will post $2.88 earnings per share for the current year.
ICFI has been the topic of several recent analyst reports. Zacks Investment Research cut ICF International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Stifel Nicolaus raised their target price on ICF International from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.00.
In other ICF International news, EVP Ellen Glover sold 8,952 shares of the business’s 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 sale, the executive vice president now owns 34,246 shares in the company, valued at approximately $1,472,578. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Sudhakar Kesavan sold 9,633 shares of the business’s stock in a transaction 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 completion of the sale, the chairman now owns 142,731 shares in the company, valued at approximately $6,137,433. 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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