Insider Selling: ICF International (NASDAQ:ICFI) EVP Sells $177,180.00 in Stock

ICF International, Inc. (NASDAQ:ICFIGet Free Report) EVP Sergio Ostria sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $88.59, for a total value of $177,180.00. Following the sale, the executive vice president owned 24,467 shares in the company, valued at approximately $2,167,531.53. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ICF International Price Performance

Shares of ICF International stock traded up $0.96 on Wednesday, reaching $89.34. The stock had a trading volume of 106,672 shares, compared to its average volume of 278,257. The business’s 50 day moving average is $79.72 and its two-hundred day moving average is $74.18. 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 1 year low of $58.83 and a 1 year high of $101.50. The company has a market cap of $1.60 billion, a P/E ratio of 18.50 and a beta of 0.51.

ICF International (NASDAQ:ICFIGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.65 by $0.21. The firm had revenue of $474.50 million during the quarter, compared to the consensus estimate of $478.30 million. ICF International had a net margin of 4.86% and a return on equity of 11.53%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the firm earned $1.66 EPS. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. As a group, research analysts anticipate that ICF International, Inc. will post 7.06 EPS for the current year.

ICF International announced that its board has initiated a stock buyback plan on Thursday, June 25th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the business services provider to buy up to 8.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 0.6%. ICF International’s dividend payout ratio (DPR) is currently 11.59%.

Analysts Set New Price Targets

Several research firms have weighed in on ICFI. Wall Street Zen raised ICF International from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings raised 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.00.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 403 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of ICF International during the 2nd quarter valued at about $246,000. Russell Investments Group Ltd. raised its holdings in shares of ICF International by 1,392.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 13,028 shares of the business services provider’s stock valued at $1,209,000 after buying an additional 12,155 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in shares of ICF International during the 3rd quarter valued at about $8,354,000. Finally, Ameriprise Financial Inc. lifted its position in 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 buying an additional 15,313 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

About ICF International

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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.

Further Reading

Insider Buying and Selling by Quarter for ICF International (NASDAQ:ICFI)

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