Redwood Grove Capital LLC acquired a new position in shares of ICF International, Inc. (NASDAQ:ICFI – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 192,852 shares of the business services provider’s stock, valued at approximately $14,051,000. ICF International accounts for approximately 3.6% of Redwood Grove Capital LLC’s portfolio, making the stock its 15th biggest holding. Redwood Grove Capital LLC owned 1.08% of ICF International at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of ICFI. Handelsbanken Fonder AB increased its holdings in shares of ICF International by 4.3% in the 4th quarter. Handelsbanken Fonder AB now owns 7,202 shares of the business services provider’s stock valued at $614,000 after purchasing an additional 300 shares during the period. EverSource Wealth Advisors LLC boosted its holdings 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 worth $36,000 after purchasing an additional 403 shares during the period. Allworth Financial LP purchased a new position in ICF International during the second quarter valued at approximately $86,000. Seizert Capital Partners LLC grew its position in 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 purchasing an additional 1,352 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in ICF International by 0.6% in the 4th 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. Hedge funds and other institutional investors own 94.12% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ICFI shares. Barrington Research set a $110.00 target price on shares of ICF International in a research report on Friday, August 14th. Wall Street Zen upgraded shares of ICF International from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised shares of ICF International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.
ICF International Trading Down 0.5%
NASDAQ:ICFI opened at $88.38 on Wednesday. The company has a market capitalization of $1.58 billion, a P/E ratio of 18.30 and a beta of 0.51. The stock’s 50 day moving average price is $79.72 and its 200 day moving average price is $74.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.39. ICF International, Inc. has a 52 week low of $58.83 and a 52 week high of $101.50.
ICF International (NASDAQ:ICFI – Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.21. The firm had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $478.30 million. ICF International had a net margin of 4.86% and a return on equity of 11.53%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. On average, research analysts forecast that ICF International, Inc. will post 7.06 EPS for the current fiscal year.
ICF International Announces Dividend
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 $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 4th. ICF International’s payout ratio is presently 11.59%.
ICF International announced that its board has authorized a stock buyback program on Thursday, June 25th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the business services provider to purchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Insider Transactions at ICF International
In related news, CEO John Wasson sold 12,411 shares of the company’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 completion of the sale, the chief executive officer directly owned 27,511 shares in the company, valued at approximately $2,203,080.88. This represents a 31.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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.
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.
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