Russell Investments Group Ltd. Buys 87,273 Shares of ICF International, Inc. (NASDAQ:ICFI)

Russell Investments Group Ltd. grew its holdings in ICF International, Inc. (NASDAQ:ICFI – Get Rating) by 201.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 130,621 shares of the business services provider’s stock after purchasing an additional 87,273 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.70% of ICF International worth $12,293,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Seizert Capital Partners LLC bought a new position in shares of ICF International in the 1st quarter valued at about $1,687,000. Torray LLC boosted its stake in shares of ICF International by 4.7% in the 1st quarter. Torray LLC now owns 13,091 shares of the business services provider’s stock valued at $1,232,000 after purchasing an additional 585 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of ICF International in the 1st quarter valued at approximately $377,000. Nisa Investment Advisors LLC acquired a new stake in shares of ICF International in the 1st quarter valued at approximately $36,000. Finally, Summit Global Investments raised its position in shares of ICF International by 29.5% in the 1st quarter. Summit Global Investments now owns 12,300 shares of the business services provider’s stock valued at $1,158,000 after acquiring an additional 2,800 shares during the period. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of ICF International from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. Canaccord Genuity Group lifted their price objective on shares of ICF International from $123.00 to $135.00 in a report on Friday. Finally, Barrington Research lifted their price objective on shares of ICF International from $118.00 to $121.00 and gave the company an “outperform” rating in a report on Monday, June 13th.

ICF International Stock Performance

NASDAQ ICFI opened at $98.63 on Friday. ICF International, Inc. has a 1 year low of $84.68 and a 1 year high of $108.23. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 27.32 and a beta of 0.64. The firm’s 50 day simple moving average is $94.99 and its 200 day simple moving average is $94.47.

ICF International (NASDAQ:ICFI – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.20. The firm had revenue of $413.00 million during the quarter, compared to the consensus estimate of $401.66 million. ICF International had a net margin of 4.25% and a return on equity of 12.27%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, research analysts expect that ICF International, Inc. will post 5.35 earnings per share for the current fiscal year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, September 8th. This represents a $0.56 dividend on an annualized basis and a yield of 0.57%. ICF International’s payout ratio is currently 15.51%.

ICF International Profile

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ICF International, Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. It 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, market, business, communication, and technology challenges.