ICF International, Inc. (NASDAQ:ICFI) Position Held by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY held its stake in shares of ICF International, Inc. (NASDAQ:ICFI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,061 shares of the business services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in ICF International were worth $539,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. United Services Automobile Association bought a new position in ICF International during the first quarter valued at approximately $437,000. Teachers Advisors LLC raised its position in ICF International by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 33,330 shares of the business services provider’s stock valued at $1,840,000 after buying an additional 4,332 shares during the period. Norges Bank bought a new position in ICF International during the fourth quarter valued at approximately $4,687,000. LSV Asset Management raised its position in ICF International by 67.9% in the first quarter. LSV Asset Management now owns 9,400 shares of the business services provider’s stock valued at $388,000 after buying an additional 3,800 shares during the period. Finally, Tocqueville Asset Management L.P. raised its position in ICF International by 6.8% in the first quarter. Tocqueville Asset Management L.P. now owns 112,281 shares of the business services provider’s stock valued at $4,637,000 after buying an additional 7,192 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.
ICF International, Inc. (NASDAQ ICFI) traded down 1.96% during trading on Friday, hitting $45.00. The stock had a trading volume of 9,617 shares. ICF International, Inc. has a 52 week low of $39.25 and a 52 week high of $59.55. The stock has a 50-day moving average price of $46.10 and a 200-day moving average price of $46.09. The company has a market cap of $843.03 million, a PE ratio of 18.07 and a beta of 0.81.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The firm had revenue of $306.39 million during the quarter, compared to analyst estimates of $309.15 million. During the same quarter in the prior year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts predict that ICF International, Inc. will post $2.99 EPS for the current year.
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ICFI has been the subject of several recent research reports. Zacks Investment Research raised ICF International from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, June 8th. BidaskClub lowered ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Noble Financial reaffirmed a “hold” rating on shares of ICF International in a report on Sunday, May 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $57.33.
In related news, COO John Wasson sold 12,461 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $47.50, for a total value of $591,897.50. Following the completion of the transaction, the chief operating officer now owns 65,995 shares of the company’s stock, valued at $3,134,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.48% of the company’s stock.
ICF International Company Profile
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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