Ramsey Quantitative Systems grew its holdings in shares of ICF International Inc (NASDAQ:ICFI) by 165.7% during the third quarter, HoldingsChannel reports. The firm owned 6,619 shares of the business services provider’s stock after acquiring an additional 4,128 shares during the quarter. ICF International makes up about 0.5% of Ramsey Quantitative Systems’ holdings, making the stock its 18th biggest holding. Ramsey Quantitative Systems’ holdings in ICF International were worth $499,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Element Capital Management LLC acquired a new position in shares of ICF International during the 1st quarter worth approximately $291,000. OppenheimerFunds Inc. grew its position in shares of ICF International by 23.5% during the 1st quarter. OppenheimerFunds Inc. now owns 6,133 shares of the business services provider’s stock worth $358,000 after purchasing an additional 1,169 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of ICF International during the 2nd quarter worth approximately $597,000. Zebra Capital Management LLC grew its position in shares of ICF International by 189.4% during the 2nd quarter. Zebra Capital Management LLC now owns 12,867 shares of the business services provider’s stock worth $914,000 after purchasing an additional 8,421 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new position in shares of ICF International during the 2nd quarter worth approximately $1,323,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.
Shares of NASDAQ ICFI traded down $0.30 during trading hours on Wednesday, hitting $73.56. 51,900 shares of the stock were exchanged, compared to its average volume of 107,116. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 1.98 and a beta of 0.70. ICF International Inc has a 1-year low of $50.10 and a 1-year high of $82.25.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Friday, September 7th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. ICF International’s dividend payout ratio is 18.54%.
A number of research analysts have issued reports on the stock. Loop Capital increased their target price on shares of ICF International to $89.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Barrington Research set a $86.00 target price on shares of ICF International and gave the stock a “buy” rating in a research report on Monday, August 13th. BidaskClub upgraded shares of ICF International from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Cowen upgraded shares of ICF International from a “market perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a research report on Friday, August 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. ICF International has a consensus rating of “Buy” and a consensus target price of $79.67.
In related news, EVP Ellen Glover sold 4,972 shares of the stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $76.86, for a total transaction of $382,147.92. Following the sale, the executive vice president now owns 35,416 shares in the company, valued at approximately $2,722,073.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sudhakar Kesavan sold 28,744 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $78.61, for a total transaction of $2,259,565.84. Following the sale, the chief executive officer now owns 187,370 shares in the company, valued at approximately $14,729,155.70. The disclosure for this sale can be found here. Insiders have sold a total of 36,248 shares of company stock worth $2,843,210 in the last quarter. 4.67% of the stock is currently owned by company insiders.
ICF International Profile
ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and 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.
Further Reading: Buyback
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