Campbell & CO Investment Adviser Reduces Stake in ICF International

Campbell & CO Investment Adviser LLC has reduced its holdings in ICF International, Inc. (NASDAQ:ICFI) by 21.2% during the second quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission (SEC), Campbell & CO now owns 4,791 shares of ICF after selling 1,290 shares in the quarter, which are valued at approximately $406,000.

Other institutional investors have also adjusted their positions in ICF International, reflecting a trend in the investment community. Cornerstone Investment Partners LLC acquired a new stake in ICF valued at approximately $270,000. Additionally, Bank of New York Mellon Corp increased its stake by 4.8%, bringing its total holdings to 85,896 shares worth $7.276 million after purchasing an additional 3,906 shares. Argent Capital Management LLC raised its stake by 26.4%, now owning 47,946 shares valued at $4.062 million.

Analysts Weigh In on ICF International

The investment landscape for ICF International is further shaped by the opinions of research analysts. Weiss Ratings recently maintained a “hold (c)” rating, while Barrington Research reaffirmed an “outperform” rating with a price target of $107.00. Currently, three analysts have given the stock a Buy rating, and three have rated it as a Hold. According to data from MarketBeat.com, ICF International holds a consensus rating of “Moderate Buy” with an average target price of $128.20.

On October 30, 2023, ICF International reported its quarterly earnings, posting earnings per share (EPS) of $1.67. This figure fell short of analyst expectations, which had anticipated an EPS of $1.75. The company’s revenue for the quarter was $465.41 million, down 10% from the previous year and below the projected $485.10 million.

Stock Performance and Future Outlook

As of the latest trading session, shares of ICF International opened at $78.05. The company boasts a market capitalization of $1.44 billion, with a price-to-earnings (P/E) ratio of 13.57. Over the past year, the stock reached a low of $72.03 and a high of $155.79. The firm operates with a debt-to-equity ratio of 0.47, alongside a quick and current ratio both at 1.29.

In addition to its financial performance, ICF International has announced a quarterly dividend of $0.14, which will be paid on January 9, 2024, to shareholders of record as of December 5, 2023. This dividend reflects an annualized yield of 0.7% and a payout ratio of 10.57%.

Insider trading activity has also been noted, with Chief Operating Officer James C. M. Morgan selling 2,400 shares on October 2, 2023, at an average price of $95.19, resulting in a total transaction value of $228,456. Following this transaction, Morgan’s ownership in the company decreased by 5.70%, leaving him with 39,704 shares valued at approximately $3.779 million. Corporate insiders own 1.48% of the company’s shares.

ICF International, Inc. provides management, technology, and policy consulting services to government and commercial clients both in the United States and globally. The company focuses on addressing critical policy and industry issues and offers strategic planning services to help clients navigate complex challenges in various sectors.