Hsbc Holdings PLC Makes New Investment in ICF International, Inc. $ICFI

Hsbc Holdings PLC bought a new stake in shares of ICF International, Inc. (NASDAQ:ICFI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,718 shares of the business services provider’s stock, valued at approximately $1,812,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ICFI. EverSource Wealth Advisors LLC lifted 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 valued at $36,000 after buying an additional 403 shares during the last quarter. Allworth Financial LP acquired a new position in ICF International in the second quarter worth approximately $86,000. Captrust Financial Advisors acquired a new position in ICF International in the second quarter worth approximately $246,000. Vise Technologies Inc. bought a new position in ICF International during the second quarter valued at approximately $248,000. Finally, State of Wyoming acquired a new stake in ICF International in the second quarter valued at approximately $287,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Stock Performance

NASDAQ:ICFI opened at $90.22 on Monday. 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, Inc. has a 1 year low of $58.83 and a 1 year high of $101.50. The firm’s fifty day simple moving average is $81.00 and its 200 day simple moving average is $74.24. The firm has a market capitalization of $1.62 billion, a PE ratio of 18.68 and a beta of 0.51.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data 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 business had revenue of $474.50 million for the quarter, compared to analyst estimates of $478.30 million. During the same period in the previous year, the company posted $1.66 earnings per share. The firm’s revenue for the quarter 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, sell-side analysts anticipate that ICF International, Inc. will post 7.07 EPS for the current year.

ICF International announced that its Board of Directors has approved a share buyback program on Thursday, June 25th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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 issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. ICF International’s payout ratio is 11.59%.

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 transaction of $993,872.88. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sergio J. Ostria sold 2,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were 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 of the company’s stock, valued at approximately $2,167,531.53. This trade represents a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ICFI has been the topic of several analyst reports. 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. Barrington Research set a $110.00 price objective on shares of ICF International in a report on Friday, August 14th. Finally, Wall Street Zen raised shares of ICF International from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

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.