ICF International (NASDAQ:ICFI) CEO Sells $993,872.88 in Stock

ICF International, Inc. (NASDAQ:ICFI) CEO John Wasson sold 12,411 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $80.08, for a total transaction of $993,872.88. Following the completion of the sale, the chief executive officer directly owned 27,511 shares in the company, valued at approximately $2,203,080.88. The trade was a 31.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $81.04 on Friday. The company has a 50 day moving average of $70.47 and a 200 day moving average of $75.59. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.47 billion, a P/E ratio of 17.54 and a beta of 0.53. ICF International, Inc. has a 12 month low of $58.83 and a 12 month high of $101.71.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, May 7th. The business services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.05). The firm had revenue of $437.50 million during the quarter, compared to the consensus estimate of $448.63 million. ICF International had a net margin of 4.68% and a return on equity of 11.38%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 earnings per share. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. As a group, sell-side analysts forecast that ICF International, Inc. will post 7.01 EPS for the current fiscal year.

ICF International declared that its Board of Directors has authorized a share repurchase program on Thursday, June 25th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 5th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, June 5th. ICF International’s payout ratio is presently 12.12%.

Institutional Investors Weigh In On ICF International

Several institutional investors and hedge funds have recently modified their holdings of ICFI. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 403 shares during the period. Captrust Financial Advisors bought a new position in ICF International during the second quarter valued at approximately $246,000. Russell Investments Group Ltd. increased its position in ICF International by 1,392.3% during the third quarter. Russell Investments Group Ltd. now owns 13,028 shares of the business services provider’s stock valued at $1,209,000 after acquiring an additional 12,155 shares during the last quarter. Kennedy Capital Management LLC bought a new stake in ICF International during the third quarter valued at approximately $8,354,000. Finally, Ameriprise Financial Inc. increased its stake in shares of ICF International by 376.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,381 shares of the business services provider’s stock worth $1,799,000 after purchasing an additional 15,313 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered ICF International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ICF International has an average rating of “Hold” and an average target price of $102.33.

About ICF International

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.