California State Teachers Retirement System decreased its position in shares of ICF International Inc. (NASDAQ:ICFI) by 8.5% during the second quarter, Holdings Channel reports. The fund owned 37,858 shares of the company’s stock after selling 3,509 shares during the period. California State Teachers Retirement System owned 0.20% of ICF International worth $1,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Emerald Advisers Inc. PA purchased a new position in ICF International during the second quarter worth about $513,000. Emerald Mutual Fund Advisers Trust purchased a new position in ICF International during the second quarter worth about $250,000. Palo Capital Inc. purchased a new position in ICF International during the second quarter worth about $408,000. Kennedy Capital Management Inc. raised its position in ICF International by 9.8% in the first quarter. Kennedy Capital Management Inc. now owns 241,766 shares of the company’s stock worth $8,309,000 after buying an additional 21,670 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in ICF International by 1.7% in the first quarter. Geode Capital Management LLC now owns 134,159 shares of the company’s stock worth $4,611,000 after buying an additional 2,218 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Shares of ICF International Inc. (NASDAQ:ICFI) traded up 0.92% during mid-day trading on Monday, hitting $43.95. 59,712 shares of the stock were exchanged. The firm has a market cap of $833.82 million, a price-to-earnings ratio of 19.96 and a beta of 1.27. ICF International Inc. has a 1-year low of $29.19 and a 1-year high of $44.10. The company’s 50-day moving average is $41.55 and its 200-day moving average is $39.09.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. ICF International had a net margin of 3.67% and a return on equity of 10.23%. The company had revenue of $305.40 million for the quarter, compared to the consensus estimate of $294.06 million. During the same period last year, the company earned $0.63 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that ICF International Inc. will post $2.88 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, August 4th. Stifel Nicolaus boosted their target price on shares of ICF International from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $49.00.

In other news, CEO Sudhakar Kesavan sold 9,634 shares of ICF International stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $41.00, for a total value of $394,994.00. Following the sale, the chief executive officer now directly owns 152,364 shares in the company, valued at $6,246,924. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is currently owned by insiders.

About ICF International

ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.

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