Should You Invest in ICF International (ICFI)?
TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the quarter the fund returned 9.15% (net), compared to a 12.75% return for the Russell 2000 Growth Index. For the year, the fund returned 15.96% (net) compared to 18.66% for the index. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare Capital U.S. Small Cap Growth Strategy featured stocks like ICF International, Inc. (NASDAQ:ICFI) in the Q4 2023 investor letter. Headquartered in Reston, Virginia, ICF International, Inc. (NASDAQ:ICFI) provides management, marketing, technology, and policy consulting and implementation services. On March 21, 2024, ICF International, Inc. (NASDAQ:ICFI) stock closed at $150.13 per share. One-month return of ICF International, Inc. (NASDAQ:ICFI) was -2.07%, and its shares gained 41.33% of their value over the last 52 weeks. ICF International, Inc. (NASDAQ:ICFI) has a market capitalization of $2.81 billion.
TimesSquare Capital U.S. Small Cap Growth Strategy stated the following regarding ICF International, Inc. (NASDAQ:ICFI) in its fourth quarter 2023 investor letter:
"New to the strategy was ICF International, Inc. (NASDAQ:ICFI), which provides government consulting with specialties for the Energy, Health, Education, and Environment agencies. With a focus on civilian agency activities that enjoy bipartisan support, we project increasing growth from new government programs as well as ICF’s work with ongoing IT modernization for those agencies."
A portfolio manager on the phone consulting a client about their tax-advantaged investments.
ICF International, Inc. (NASDAQ:ICFI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, ICF International, Inc. (NASDAQ:ICFI) was held by 15 hedge fund portfolios, compared to 12 in the previous quarter, according to our database. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
