Legal & General Group Plc Acquires New Shares in ICF International, Inc. $ICFI

Legal & General Group Plc bought a new position in shares of ICF International, Inc. (NASDAQ:ICFI) during the 2nd quarter, HoldingsChannel reports. The firm bought 16,839 shares of the business services provider’s stock, valued at approximately $1,227,000.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of ICF International by 2,121.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 403 shares during the period. Allworth Financial LP bought a new position in ICF International in the 2nd quarter worth about $86,000. Captrust Financial Advisors bought a new position in ICF International in the 2nd quarter worth about $246,000. Vise Technologies Inc. purchased a new position in ICF International during the 2nd quarter valued at about $248,000. Finally, TradeLink Capital LLC bought a new stake in shares of ICF International during the fourth quarter valued at about $296,000. 94.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have 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. Weiss Ratings raised shares of ICF International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Barrington Research set a $110.00 target price on shares of ICF International in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, ICF International currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Insider Buying and Selling

In other news, EVP Sergio J. Ostria sold 2,000 shares of the 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 directly owned 24,467 shares of the company’s stock, valued at approximately $2,167,531.53. This represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Wasson sold 12,411 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $80.08, for a total value of $993,872.88. Following the transaction, the chief executive officer owned 27,511 shares of the company’s stock, valued at $2,203,080.88. The trade was a 31.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 20,811 shares of company stock valued at $1,736,301. 1.71% of the stock is owned by corporate insiders.

ICF International Price Performance

Shares of ICF International stock opened at $88.00 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. ICF International, Inc. has a 12-month low of $58.83 and a 12-month high of $101.50. The company has a market cap of $1.58 billion, a P/E ratio of 18.22 and a beta of 0.52. The company’s fifty day simple moving average is $83.15 and its two-hundred day simple moving average is $74.58.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $478.30 million. During the same quarter in the previous year, the firm posted $1.66 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Research analysts anticipate that ICF International, Inc. will post 7.07 EPS for the current year.

ICF International Dividend Announcement

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

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

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.