Russell Investments Group Ltd. Buys 218 Shares of ICF International, Inc. (NASDAQ:ICFI)

Russell Investments Group Ltd. boosted its stake in ICF International, Inc. (NASDAQ:ICFI) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,065 shares of the business services provider’s stock after acquiring an additional 218 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of ICF International worth $2,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ICFI. Geode Capital Management LLC lifted its holdings in shares of ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after purchasing an additional 18,109 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in ICF International during the 3rd quarter worth approximately $734,000. Argent Capital Management LLC grew its stake in shares of ICF International by 15.7% during the 4th quarter. Argent Capital Management LLC now owns 33,425 shares of the business services provider’s stock worth $3,985,000 after acquiring an additional 4,545 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 339 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its position in shares of ICF International by 10.9% in the fourth quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock worth $25,256,000 after purchasing an additional 20,861 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

ICF International Stock Performance

ICFI opened at $82.98 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a 12-month low of $75.91 and a 12-month high of $179.67. The business has a 50 day moving average of $89.31 and a 200-day moving average of $122.95. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 14.58 and a beta of 0.49.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Friday, March 28th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. ICF International’s dividend payout ratio (DPR) is 9.61%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of ICF International from a “hold” rating to a “buy” rating in a research note on Saturday, March 29th. Truist Financial dropped their target price on ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a report on Monday. Canaccord Genuity Group restated a “hold” rating and issued a $100.00 price target (down from $200.00) on shares of ICF International in a research note on Friday, February 28th. Finally, Barrington Research dropped their price objective on ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.20.

ICF International Company Profile

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.