Tributary Capital Management LLC Cuts Stock Position in ICF International, Inc. $ICFI

Tributary Capital Management LLC lowered its holdings in ICF International, Inc. (NASDAQ:ICFI) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,003 shares of the business services provider’s stock after selling 17,708 shares during the period. ICF International comprises 1.5% of Tributary Capital Management LLC’s holdings, making the stock its 28th largest position. Tributary Capital Management LLC owned approximately 1.11% of ICF International worth $17,366,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Entropy Technologies LP purchased a new position in ICF International in the first quarter worth $661,000. Zions Bancorporation National Association UT purchased a new position in ICF International in the first quarter worth $1,671,000. Quantbot Technologies LP boosted its position in ICF International by 25.7% in the first quarter. Quantbot Technologies LP now owns 35,592 shares of the business services provider’s stock worth $3,024,000 after purchasing an additional 7,282 shares during the last quarter. Third Avenue Management LLC boosted its position in ICF International by 6.4% in the first quarter. Third Avenue Management LLC now owns 47,024 shares of the business services provider’s stock worth $3,996,000 after purchasing an additional 2,836 shares during the last quarter. Finally, Argent Capital Management LLC boosted its position in ICF International by 26.4% in the second quarter. Argent Capital Management LLC now owns 47,946 shares of the business services provider’s stock worth $4,062,000 after purchasing an additional 10,028 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ICFI. Barrington Research reiterated an “outperform” rating and set a $107.00 price objective on shares of ICF International in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of ICF International in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, ICF International currently has an average rating of “Moderate Buy” and an average target price of $128.20.

ICF International Trading Down 1.8%

NASDAQ ICFI opened at $89.56 on Thursday. ICF International, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $179.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50 day simple moving average of $94.86 and a two-hundred day simple moving average of $88.90. The stock has a market cap of $1.65 billion, a P/E ratio of 15.58 and a beta of 0.47.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.03. ICF International had a return on equity of 14.50% and a net margin of 5.45%.The business had revenue of $476.16 million during the quarter, compared to analysts’ expectations of $482.84 million. During the same quarter last year, the business posted $1.69 EPS. The business’s revenue was down 7.2% on a year-over-year basis. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. On average, analysts forecast that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 5th were issued a $0.14 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.56 annualized dividend and a yield of 0.6%. ICF International’s dividend payout ratio (DPR) is 9.74%.

Insiders Place Their Bets

In other ICF International news, COO James C. M. Morgan sold 2,400 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $95.19, for a total value of $228,456.00. Following the completion of the sale, the chief operating officer owned 39,704 shares in the company, valued at approximately $3,779,423.76. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.48% of the company’s stock.

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.