Saturna Capital Corp Decreases Stock Holdings in ICF International, Inc. (NASDAQ:ICFI)

Saturna Capital Corp reduced its holdings in ICF International, Inc. (NASDAQ:ICFI) by 3.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,558 shares of the business services provider’s stock after selling 250 shares during the period. Saturna Capital Corp’s holdings in ICF International were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ICFI. Geode Capital Management LLC increased its position in shares of ICF International by 4.3% during the 3rd 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 during the last quarter. BNP Paribas Financial Markets boosted its stake in ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after buying an additional 8,548 shares during the period. Quantbot Technologies LP bought a new position in ICF International during the third quarter valued at $852,000. Pier Capital LLC purchased a new stake in shares of ICF International in the third quarter valued at $6,579,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of ICF International in the 3rd quarter worth about $734,000. 94.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial cut their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. StockNews.com cut ICF International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 price target (down from $200.00) on shares of ICF International in a report on Friday, February 28th. Barrington Research dropped their price objective on ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, D. Boral Capital reiterated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ICF International presently has an average rating of “Moderate Buy” and a consensus target price of $140.20.

ICF International Stock Performance

ICF International stock opened at $87.75 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $1.62 billion, a PE ratio of 15.42 and a beta of 0.56. The company has a 50 day moving average price of $111.09 and a 200-day moving average price of $138.54. ICF International, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $179.67.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Friday, March 28th. ICF International’s dividend payout ratio is 9.61%.

About ICF International

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.