ICF International (NASDAQ:ICFI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ICF International (NASDAQ:ICFI) from a hold rating to a strong-buy rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of ICF International in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.33.

ICF International Price Performance

ICFI stock opened at $91.51 on Friday. The firm has a 50 day moving average of $75.78 and a 200-day moving average of $74.54. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 18.95 and a beta of 0.51. 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 has a 12-month low of $58.83 and a 12-month high of $101.71.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.21. ICF International had a return on equity of 11.59% and a net margin of 4.86%.The business had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $478.30 million. During the same quarter in the prior year, the firm posted $1.66 EPS. The company’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. As a group, equities analysts expect that ICF International will post 7.01 EPS for the current fiscal year.

ICF International announced that its board has approved a stock repurchase plan 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 plans are usually a sign that the company’s board of directors believes its shares are undervalued.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 4th will be given 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 currently 11.59%.

Insider Buying and Selling

In related news, Director Handel Michael J. Van acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $61.39 per share, for a total transaction of $491,120.00. Following the transaction, the director directly owned 24,254 shares of the company’s stock, valued at approximately $1,488,953.06. This trade represents a 49.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Wasson sold 12,411 shares of the company’s stock in a transaction that occurred 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 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.71% of the company’s stock.

Institutional Trading of ICF International

Several institutional investors and hedge funds have recently made changes to their positions in ICFI. Handelsbanken Fonder AB grew its holdings in shares of ICF International by 4.3% during the fourth quarter. Handelsbanken Fonder AB now owns 7,202 shares of the business services provider’s stock worth $614,000 after buying an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of ICF International by 2,121.1% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider’s stock valued at $36,000 after buying an additional 403 shares during the period. Seizert Capital Partners LLC lifted its stake in shares of ICF International by 3.4% during the fourth quarter. Seizert Capital Partners LLC now owns 41,136 shares of the business services provider’s stock valued at $3,509,000 after buying an additional 1,352 shares during the period. Geode Capital Management LLC lifted its stake 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. Finally, Captrust Financial Advisors acquired a new stake in ICF International during the second quarter worth approximately $246,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.