Congress Asset Management Co. Trims Holdings in ICF International, Inc. (NASDAQ:ICFI)

Congress Asset Management Co. trimmed its holdings in shares of ICF International, Inc. (NASDAQ:ICFI) by 98.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,850 shares of the business services provider’s stock after selling 347,974 shares during the quarter. Congress Asset Management Co.’s holdings in ICF International were worth $697,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ICFI. Geode Capital Management LLC lifted its holdings in ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after buying an additional 18,109 shares in the last quarter. Systematic Financial Management LP increased its position in shares of ICF International by 0.9% during the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after acquiring an additional 2,484 shares during the period. Tributary Capital Management LLC increased its position in shares of ICF International by 10.9% during the fourth quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock worth $25,256,000 after acquiring an additional 20,861 shares during the period. Pier Capital LLC bought a new stake in shares of ICF International during the third quarter valued at approximately $6,579,000. Finally, Argent Capital Management LLC boosted its holdings in shares of ICF International by 15.7% in the fourth quarter. Argent Capital Management LLC now owns 33,425 shares of the business services provider’s stock valued at $3,985,000 after purchasing an additional 4,545 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Price Performance

Shares of ICFI stock opened at $104.08 on Wednesday. The company has a market cap of $1.95 billion, a P/E ratio of 18.29 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50-day moving average is $120.27 and its 200 day moving average is $145.57. ICF International, Inc. has a 1-year low of $103.30 and a 1-year high of $179.67.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ICFI shares. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Tuesday, November 19th. StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. D. Boral Capital reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Monday, December 16th. Finally, Truist Financial reduced their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.60.

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.