Empowered Funds LLC Makes New $3.88 Million Investment in ICF International, Inc. $ICFI

Empowered Funds LLC bought a new stake in ICF International, Inc. (NASDAQ:ICFI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 53,260 shares of the business services provider’s stock, valued at approximately $3,881,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ICFI. EverSource Wealth Advisors LLC raised its holdings in shares of ICF International by 2,121.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider’s stock worth $36,000 after buying an additional 403 shares in the last quarter. Captrust Financial Advisors acquired a new position in ICF International during the second quarter worth about $246,000. Russell Investments Group Ltd. raised its stake 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 acquiring an additional 12,155 shares in the last quarter. Kennedy Capital Management LLC bought a new position in shares of ICF International in the third quarter worth about $8,354,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of ICF International by 376.4% in the third quarter. Ameriprise Financial Inc. now owns 19,381 shares of the business services provider’s stock worth $1,799,000 after acquiring an additional 15,313 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Insider Activity at ICF International

In related news, CEO John Wasson sold 12,411 shares of the business’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 sale, the chief executive officer owned 27,511 shares of the company’s stock, valued at $2,203,080.88. The trade was a 31.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sergio J. Ostria sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $88.59, for a total transaction of $177,180.00. Following the completion of the sale, the executive vice president directly owned 24,467 shares in the company, valued at approximately $2,167,531.53. This represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

ICFI has been the topic of several research reports. Weiss Ratings raised shares of ICF International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Barrington Research set a $110.00 price objective on shares of ICF International in a research note on Friday, August 14th. Finally, 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. Two investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

ICF International Stock Performance

Shares of ICFI stock opened at $88.81 on Wednesday. The business’s 50-day moving average price is $81.92 and its 200-day moving average price is $74.32. ICF International, Inc. has a 12 month low of $58.83 and a 12 month high of $101.50. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.39 and a beta of 0.52. 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 released 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. The company had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $478.30 million. ICF International had a return on equity of 11.53% and a net margin of 4.86%.The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.66 earnings per share. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Equities research analysts forecast that ICF International, Inc. will post 7.07 EPS for the current year.

ICF International announced that its board has approved a share repurchase plan on Thursday, June 25th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 4th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, September 4th. ICF International’s dividend payout ratio is 11.59%.

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.