ICF International (NASDAQ:ICFI) Stock Crosses Above 200 Day Moving Average – Here’s Why

ICF International, Inc. (NASDAQ:ICFI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $75.30 and traded as high as $81.69. ICF International shares last traded at $79.52, with a volume of 299,815 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of ICF International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.33.

ICF International Price Performance

The company has a 50 day moving average price of $72.10 and a 200 day moving average price of $75.30. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.21 and a beta of 0.53.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, May 7th. The business services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05). The business had revenue of $437.50 million for the quarter, compared to analyst estimates of $448.63 million. ICF International had a net margin of 4.68% and a return on equity of 11.38%. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 earnings per share. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. As a group, equities research analysts forecast that ICF International, Inc. will post 7.01 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 5th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, June 5th. ICF International’s payout ratio is currently 12.12%.

ICF International announced that its board has approved a share repurchase program on Thursday, June 25th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at ICF International

In related news, Director Handel Michael J. Van purchased 8,000 shares of ICF International stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $61.39 per share, for a total transaction of $491,120.00. Following the transaction, the director directly owned 24,254 shares of the company’s stock, valued at approximately $1,488,953.06. This trade represents a 49.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John Wasson sold 12,411 shares of ICF International stock in a transaction 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 directly owned 27,511 shares of the company’s stock, valued at approximately $2,203,080.88. This trade represents a 31.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On ICF International

Several hedge funds have recently added to or reduced their stakes in ICFI. Handelsbanken Fonder AB grew its position in shares of ICF International by 4.3% during the 4th quarter. Handelsbanken Fonder AB now owns 7,202 shares of the business services provider’s stock worth $614,000 after buying an additional 300 shares during the period. EverSource Wealth Advisors LLC raised its position 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 acquiring an additional 403 shares during the period. Trust Point Inc. boosted its stake in ICF International by 8.6% during the 4th quarter. Trust Point Inc. now owns 5,198 shares of the business services provider’s stock worth $443,000 after acquiring an additional 411 shares during the last quarter. Seizert Capital Partners LLC boosted its stake in ICF International by 3.4% during the 4th quarter. Seizert Capital Partners LLC now owns 41,136 shares of the business services provider’s stock worth $3,509,000 after acquiring an additional 1,352 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in ICF International by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 458,175 shares of the business services provider’s stock valued at $39,089,000 after purchasing an additional 2,535 shares during the period. Institutional investors and hedge funds own 94.12% 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.