ICF International (NASDAQ:ICFI) Shares Up 7.2% – Here’s Why

ICF International, Inc. (NASDAQ:ICFI)’s share price shot up 7.2% during mid-day trading on Friday . The stock traded as high as $70.08 and last traded at $69.8180. 37,814 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 286,931 shares. The stock had previously closed at $65.11.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ICFI. Barrington Research reaffirmed an “outperform” rating and issued a $102.00 price objective on shares of ICF International in a research note on Wednesday, March 4th. Weiss Ratings downgraded shares of ICF International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ICF International presently has a consensus rating of “Hold” and a consensus target price of $102.33.

ICF International Price Performance

The firm has a 50-day simple moving average of $68.73 and a 200-day simple moving average of $76.63. The firm has a market cap of $1.29 billion, a P/E ratio of 15.48 and a beta of 0.54. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI) last released 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 company had revenue of $437.50 million during the quarter, compared to the consensus estimate of $448.63 million. ICF International had a return on equity of 11.38% and a net margin of 4.68%.The company’s revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. As a group, analysts forecast that ICF International, Inc. will post 7.01 EPS for the current year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 5th will be issued a $0.14 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 0.8%. ICF International’s payout ratio is currently 12.12%.

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

Insider Activity at ICF International

In other news, Director Handel Michael J. Van purchased 8,000 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $61.39 per share, for a total transaction of $491,120.00. Following the acquisition, the director owned 24,254 shares of the company’s stock, valued at approximately $1,488,953.06. This represents a 49.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.48% of the company’s stock.

Institutional Investors Weigh In On ICF International

A number of hedge funds and other institutional investors have recently bought and sold shares of ICFI. SG Americas Securities LLC boosted its stake in ICF International by 214.7% in the fourth quarter. SG Americas Securities LLC now owns 34,847 shares of the business services provider’s stock valued at $2,972,000 after acquiring an additional 23,773 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of ICF International by 80.7% during the fourth quarter. Kennedy Capital Management LLC now owns 162,690 shares of the business services provider’s stock worth $13,877,000 after purchasing an additional 72,664 shares in the last quarter. Gabelli Funds LLC increased its position in shares of ICF International by 142.9% during the fourth quarter. Gabelli Funds LLC now owns 25,500 shares of the business services provider’s stock worth $2,175,000 after purchasing an additional 15,000 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its holdings in shares of ICF International by 46.6% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 481,086 shares of the business services provider’s stock valued at $41,037,000 after purchasing an additional 152,905 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of ICF International during the 4th quarter valued at $2,345,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Company Profile

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.