GW&K Investment Management LLC Acquires 31,708 Shares of ICF International Inc (NASDAQ:ICFI)

GW&K Investment Management LLC increased its holdings in ICF International Inc (NASDAQ:ICFI) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,589 shares of the business services provider’s stock after purchasing an additional 31,708 shares during the period. GW&K Investment Management LLC’s holdings in ICF International were worth $35,105,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. FTB Advisors Inc. raised its position in shares of ICF International by 106.6% during the third quarter. FTB Advisors Inc. now owns 566 shares of the business services provider’s stock valued at $47,000 after buying an additional 292 shares during the last quarter. Meeder Asset Management Inc. raised its position in ICF International by 94.6% in the third quarter. Meeder Asset Management Inc. now owns 687 shares of the business services provider’s stock worth $58,000 after purchasing an additional 334 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in ICF International by 6.9% in the second quarter. UBS Asset Management Americas Inc. now owns 11,867 shares of the business services provider’s stock worth $864,000 after purchasing an additional 766 shares in the last quarter. RK Capital Management LLC raised its position in ICF International by 0.8% in the second quarter. RK Capital Management LLC now owns 100,200 shares of the business services provider’s stock worth $7,295,000 after purchasing an additional 800 shares in the last quarter. Finally, Rhumbline Advisers raised its position in ICF International by 3.5% in the third quarter. Rhumbline Advisers now owns 26,357 shares of the business services provider’s stock worth $2,226,000 after purchasing an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

In related news, insider James C. M. Morgan sold 3,144 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $273,528.00. Following the sale, the insider now directly owns 40,716 shares in the company, valued at $3,542,292. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Sudhakar Kesavan sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $88.50, for a total transaction of $2,655,000.00. Following the sale, the chairman now owns 213,498 shares in the company, valued at $18,894,573. The disclosure for this sale can be found here. Company insiders own 4.67% of the company’s stock.

ICF International stock traded down $1.14 during trading hours on Friday, hitting $88.23. 79,200 shares of the stock were exchanged, compared to its average volume of 108,529. ICF International Inc has a 12 month low of $60.22 and a 12 month high of $92.06. The stock has a market capitalization of $1.62 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.06 and a beta of 0.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.66 and a current ratio of 1.66. The business’s 50-day moving average is $81.75 and its two-hundred day moving average is $79.07.

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ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. ICF International had a net margin of 4.60% and a return on equity of 11.73%. The firm had revenue of $373.92 million for the quarter, compared to analysts’ expectations of $367.13 million. During the same period last year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts predict that ICF International Inc will post 4.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, December 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.56 annualized dividend and a yield of 0.63%. ICF International’s dividend payout ratio (DPR) is presently 15.01%.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of ICF International from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a research report on Tuesday, August 20th. William Blair reissued a “market perform” rating on shares of ICF International in a research report on Thursday. ValuEngine lowered shares of ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. SunTrust Banks increased their price target on shares of ICF International to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, BidaskClub raised shares of ICF International from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ICF International currently has a consensus rating of “Buy” and a consensus target price of $92.33.

About ICF International

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, 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.

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Institutional Ownership by Quarter for ICF International (NASDAQ:ICFI)

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