First National Bank of Omaha purchased a new position in ICF International, Inc. (NASDAQ:ICFI – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 23,766 shares of the business services provider’s stock, valued at approximately $1,732,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 403 shares during the period. Captrust Financial Advisors purchased a new stake in ICF International during the second quarter worth $246,000. State of Wyoming bought a new stake in ICF International during the 2nd quarter valued at $287,000. TradeLink Capital LLC bought a new stake in ICF International during the 4th quarter valued at $296,000. Finally, Jump Financial LLC increased its holdings in shares of ICF International by 195.3% in the 4th quarter. Jump Financial LLC now owns 6,756 shares of the business services provider’s stock valued at $576,000 after acquiring an additional 4,468 shares during the period. 94.12% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
ICFI has been the subject of several recent research reports. Wall Street Zen raised ICF International from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised ICF International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Finally, Barrington Research set a $110.00 target price on ICF International in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.00.
ICF International Trading Up 2.3%
Shares of NASDAQ:ICFI opened at $89.99 on Thursday. The business’s 50-day moving average is $78.42 and its 200 day moving average is $74.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39. ICF International, Inc. has a 1 year low of $58.83 and a 1 year high of $101.71. The firm has a market capitalization of $1.61 billion, a P/E ratio of 18.63 and a beta of 0.51.
ICF International (NASDAQ:ICFI – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.21. ICF International had a return on equity of 11.53% and a net margin of 4.86%.The business had revenue of $474.50 million during the quarter, compared to the consensus estimate of $478.30 million. During the same quarter last year, the company earned $1.66 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. On average, research analysts predict that ICF International, Inc. will post 7.06 earnings per share for the current fiscal year.
ICF International Dividend Announcement
The business also recently announced 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 dividend on an annualized basis and a yield of 0.6%. ICF International’s dividend payout ratio (DPR) is 11.59%.
ICF International announced that its board has approved a stock buyback program on Thursday, June 25th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
Insiders Place Their Bets
In other ICF International news, CEO John Wasson sold 12,411 shares of the business’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 transaction of $993,872.88. Following the sale, the chief executive officer owned 27,511 shares of the company’s stock, valued at approximately $2,203,080.88. The trade was a 31.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.71% 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.
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