ICF International, Inc. (NASDAQ:ICFI) Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. boosted its position in shares of ICF International, Inc. (NASDAQ:ICFI) by 10.7% in the third quarter, HoldingsChannel.com reports. The fund owned 353,824 shares of the business services provider’s stock after acquiring an additional 34,299 shares during the quarter. Congress Asset Management Co.’s holdings in ICF International were worth $59,014,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. acquired a new stake in shares of ICF International during the first quarter worth about $25,000. SG Americas Securities LLC purchased a new position in ICF International during the 1st quarter worth approximately $167,000. Marshall Wace LLP acquired a new stake in ICF International during the 2nd quarter valued at approximately $301,000. AlphaMark Advisors LLC purchased a new stake in shares of ICF International in the 3rd quarter valued at $342,000. Finally, Torray Investment Partners LLC increased its stake in shares of ICF International by 8.7% in the second quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock worth $2,145,000 after acquiring an additional 1,159 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John Wasson sold 1,417 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the sale, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total transaction of $381,250.00. Following the completion of the transaction, the chief operating officer now directly owns 40,163 shares in the company, valued at approximately $6,124,857.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John Wasson sold 1,417 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the transaction, the chief executive officer now directly owns 52,605 shares in the company, valued at approximately $8,687,189.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,785 shares of company stock worth $1,278,648. Company insiders own 1.39% of the company’s stock.

ICF International Stock Performance

Shares of NASDAQ ICFI traded down $0.93 during midday trading on Thursday, reaching $170.17. 6,178 shares of the stock were exchanged, compared to its average volume of 96,627. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 32.84 and a beta of 0.61. The firm has a 50-day simple moving average of $166.67 and a two-hundred day simple moving average of $152.35. ICF International, Inc. has a twelve month low of $115.67 and a twelve month high of $178.18.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.20. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The firm had revenue of $512.03 million for the quarter, compared to the consensus estimate of $505.70 million. During the same period in the prior year, the firm posted $1.57 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts anticipate that ICF International, Inc. will post 7.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.75.

ICF International 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.