Ieq Capital LLC Buys New Stake in ICF International, Inc. $ICFI

Ieq Capital LLC bought a new position in shares of ICF International, Inc. (NASDAQ:ICFI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 41,936 shares of the business services provider’s stock, valued at approximately $3,055,000. Ieq Capital LLC owned approximately 0.23% of ICF International as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ICFI. EverSource Wealth Advisors LLC lifted its holdings in shares of ICF International by 2,121.1% in 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 last quarter. Captrust Financial Advisors purchased a new position in ICF International during the 2nd quarter worth approximately $246,000. Russell Investments Group Ltd. increased its position in ICF International by 1,392.3% during the third quarter. Russell Investments Group Ltd. now owns 13,028 shares of the business services provider’s stock worth $1,209,000 after buying an additional 12,155 shares during the period. Kennedy Capital Management LLC acquired a new stake in shares of ICF International in the third quarter valued at approximately $8,354,000. Finally, Ameriprise Financial Inc. boosted its stake in ICF International by 376.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 19,381 shares of the business services provider’s stock worth $1,799,000 after purchasing an additional 15,313 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

ICF International Stock Down 0.2%

ICFI stock opened at $88.84 on Tuesday. The company has a market cap of $1.59 billion, a P/E ratio of 18.39 and a beta of 0.51. ICF International, Inc. has a 52 week low of $58.83 and a 52 week high of $101.50. The company’s 50-day moving average price is $79.41 and its 200 day moving average price is $74.20. 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 (NASDAQ:ICFI) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.21. ICF International had a return on equity of 11.53% and a net margin of 4.86%.The company had revenue of $474.50 million for the quarter, compared to the consensus estimate of $478.30 million. During the same period in the previous year, the business earned $1.66 earnings per share. ICF International’s quarterly 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. On average, research analysts expect that ICF International, Inc. will post 7.06 earnings per share for the current fiscal year.

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%.

ICF International declared that its Board of Directors has authorized a stock buyback plan on Thursday, June 25th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ICFI. Barrington Research set a $110.00 target price on ICF International in a report on Friday, August 14th. 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. Finally, Weiss Ratings upgraded 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 issued a Hold rating to the company. Based on data from MarketBeat.com, ICF International has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Insider Activity

In related news, CEO John Wasson sold 12,411 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $80.08, for a total value 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. This represents a 31.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.71% of the stock is owned by corporate insiders.

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.