Key Points
- ICF International EVP Sergio Ostria sold 2,000 shares at an average price of $88.59, generating $177,180 and reducing his ownership by 7.56% to 24,467 shares.
- ICF shares opened at $89.34, with the stock up 1.1%; the company recently beat quarterly EPS expectations by $0.21, although revenue declined 0.3% year over year.
- The company approved a $100 million share buyback covering up to 8.1% of shares and declared a $0.14 quarterly dividend. Analysts maintain a “Moderate Buy” consensus with a $105 average price target.
ICF International, Inc. (NASDAQ:ICFI - Get Free Report) EVP Sergio Ostria sold 2,000 shares of ICF International stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $88.59, for a total value of $177,180.00. Following the sale, the executive vice president owned 24,467 shares in the company, valued at $2,167,531.53. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
ICF International Trading Up 1.1%
NASDAQ:ICFI opened at $89.34 on Thursday. ICF International, Inc. has a 12 month low of $58.83 and a 12 month high of $101.50. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The firm's 50 day moving average is $80.06 and its 200 day moving average is $74.19. The stock has a market capitalization of $1.60 billion, a PE ratio of 18.50 and a beta of 0.51.
ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.65 by $0.21. The business had revenue of $474.50 million for the quarter, compared to the consensus estimate of $478.30 million. ICF International had a net margin of 4.86% and a return on equity of 11.53%. The company's revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Sell-side analysts expect that ICF International, Inc. will post 7.06 earnings per share for the current year.
ICF International declared that its Board of Directors has approved a stock buyback program on Thursday, June 25th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.
ICF International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 4th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, September 4th. ICF International's dividend payout ratio is currently 11.59%.
Hedge Funds Weigh In On ICF International
Several institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its stake in shares of ICF International by 4.3% during the 4th quarter. Handelsbanken Fonder AB now owns 7,202 shares of the business services provider's stock worth $614,000 after purchasing an additional 300 shares during the period. EverSource Wealth Advisors LLC raised its position in ICF International by 2,121.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider's stock worth $36,000 after purchasing an additional 403 shares during the period. Allworth Financial LP bought a new stake in ICF International in the second quarter worth about $86,000. Seizert Capital Partners LLC lifted its stake in ICF International by 3.4% in the fourth quarter. Seizert Capital Partners LLC now owns 41,136 shares of the business services provider's stock worth $3,509,000 after purchasing an additional 1,352 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of ICF International by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 458,175 shares of the business services provider's stock valued at $39,089,000 after buying an additional 2,535 shares during the period. Institutional investors own 94.12% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on ICFI shares. Wall Street Zen upgraded shares of ICF International from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Barrington Research set a $110.00 price target on shares of ICF International in a report on Friday, August 14th. Finally, Weiss Ratings upgraded ICF International from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, ICF International currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.
Read Our Latest Stock Analysis on ICF International
About ICF International
(
Get Free Report)
ICF International (NASDAQ: ICFI), commonly known as ICF, is a global consulting and digital services provider specializing in the intersection of strategy, technology, and policy. The firm delivers integrated services and solutions to government and commercial clients in areas such as energy and environment, health and social programs, transportation, infrastructure, technology, and marketing and communications. ICF's offerings span strategic planning, data analytics, program evaluation, digital transformation, and implementation support.
Founded in 1969 and headquartered in Reston, Virginia, ICF has grown through both organic expansion and targeted acquisitions to broaden its capabilities and geographic reach.
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