8,575 Shares in ICF International, Inc. $ICFI Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in shares of ICF International, Inc. (NASDAQ:ICFI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,575 shares of the business services provider’s stock, valued at approximately $625,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Kennedy Capital Management LLC lifted its stake in ICF International by 80.7% in the 4th 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 boosted its holdings in shares of ICF International by 142.9% during the 4th quarter. Gabelli Funds LLC now owns 25,500 shares of the business services provider’s stock valued at $2,175,000 after purchasing an additional 15,000 shares during the last quarter. Systematic Financial Management LP grew its position in shares of ICF International by 84.9% during the first quarter. Systematic Financial Management LP now owns 216,538 shares of the business services provider’s stock valued at $14,138,000 after purchasing an additional 99,442 shares in the last quarter. Ieq Capital LLC purchased a new position in shares of ICF International during the second quarter valued at about $3,055,000. Finally, Neumeier Poma Investment Counsel LLC increased its holdings in shares of ICF International by 46.6% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 481,086 shares of the business services provider’s stock worth $41,037,000 after purchasing an additional 152,905 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Insider Activity at ICF International

In related news, EVP Sergio J. Ostria sold 2,000 shares of the firm’s 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 completion of the sale, the executive vice president directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Wasson sold 6,400 shares of ICF International stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $88.32, for a total transaction of $565,248.00. Following the transaction, the chief executive officer directly owned 6,339 shares of the company’s stock, valued at $559,860.48. The trade was a 50.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,811 shares of company stock valued at $1,736,301 over the last ninety days. Corporate insiders own 1.71% of the company’s stock.

ICF International Stock Performance

Shares of NASDAQ:ICFI opened at $88.00 on Monday. ICF International, Inc. has a 52 week low of $58.83 and a 52 week high of $101.50. The stock has a market capitalization of $1.58 billion, a P/E ratio of 18.22 and a beta of 0.52. The firm has a fifty day simple moving average of $83.15 and a two-hundred day simple moving average of $74.58. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.39.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.21. ICF International had a net margin of 4.86% and a return on equity of 11.53%. The firm had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $478.30 million. During the same period in the prior year, the company earned $1.66 EPS. The business’s revenue was down .3% compared to the same quarter last year. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. On average, analysts expect that ICF International, Inc. will post 7.07 earnings per share for the current fiscal year.

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

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 0.6%. ICF International’s dividend payout ratio is 11.59%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ICFI. Barrington Research set a $110.00 target price on ICF International in a research report on Friday, August 14th. Weiss Ratings upgraded ICF International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen raised ICF International from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

ICF International 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.