Harvest Fund Management Co. Ltd Takes $118,000 Position in ICF International Inc (ICFI)

Harvest Fund Management Co. Ltd acquired a new position in shares of ICF International Inc (NASDAQ:ICFI) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,561 shares of the business services provider’s stock, valued at approximately $118,000.

A number of other large investors have also recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in ICF International by 3.1% during the 1st quarter. Wells Fargo & Company MN now owns 28,553 shares of the business services provider’s stock worth $1,669,000 after buying an additional 862 shares in the last quarter. Martingale Asset Management L P grew its position in shares of ICF International by 1.2% in the second quarter. Martingale Asset Management L P now owns 74,107 shares of the business services provider’s stock valued at $5,266,000 after purchasing an additional 899 shares in the last quarter. Aperio Group LLC grew its position in shares of ICF International by 12.9% in the third quarter. Aperio Group LLC now owns 16,222 shares of the business services provider’s stock valued at $1,224,000 after purchasing an additional 1,852 shares in the last quarter. First Quadrant L P CA grew its position in shares of ICF International by 145.1% in the third quarter. First Quadrant L P CA now owns 3,846 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 2,277 shares in the last quarter. Finally, Ramsey Quantitative Systems grew its position in shares of ICF International by 165.7% in the third quarter. Ramsey Quantitative Systems now owns 6,619 shares of the business services provider’s stock valued at $499,000 after purchasing an additional 4,128 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

In related news, COO John Wasson sold 2,532 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $79.58, for a total value of $201,496.56. Following the transaction, the chief operating officer now directly owns 51,113 shares in the company, valued at $4,067,572.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.67% of the company’s stock.

A number of research firms have recently issued reports on ICFI. BidaskClub upgraded ICF International from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Cowen upgraded ICF International from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research report on Friday, August 3rd. Barrington Research set a $86.00 price target on ICF International and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, Loop Capital upped their price target on ICF International to $89.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. ICF International has a consensus rating of “Buy” and an average target price of $79.67.

ICFI stock opened at $73.94 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.39 billion, a PE ratio of 24.48, a P/E/G ratio of 1.94 and a beta of 0.72. ICF International Inc has a 1 year low of $50.10 and a 1 year high of $82.25.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, November 1st. The business services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $333.00 million during the quarter, compared to analyst estimates of $332.19 million. ICF International had a return on equity of 10.35% and a net margin of 5.45%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. Equities research analysts predict that ICF International Inc will post 3.81 EPS for the current fiscal year.

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.

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

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