Public Employees Retirement System of Ohio Takes Position in ICF International, Inc. $ICFI

Public Employees Retirement System of Ohio acquired a new position in shares of ICF International, Inc. (NASDAQ:ICFI) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 16,589 shares of the business services provider’s stock, valued at approximately $1,209,000.

Several other institutional investors have also made changes to their positions in ICFI. Legal & General Group Plc purchased a new stake in shares of ICF International in the 2nd quarter valued at approximately $1,227,000. Kennedy Capital Management LLC lifted its holdings in shares of ICF International by 80.7% in the fourth quarter. Kennedy Capital Management LLC now owns 162,690 shares of the business services provider’s stock valued at $13,877,000 after purchasing an additional 72,664 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of ICF International by 142.9% during the fourth quarter. Gabelli Funds LLC now owns 25,500 shares of the business services provider’s stock valued at $2,175,000 after buying an additional 15,000 shares in the last quarter. Systematic Financial Management LP boosted its position in ICF International by 84.9% during the 1st quarter. Systematic Financial Management LP now owns 216,538 shares of the business services provider’s stock worth $14,138,000 after acquiring an additional 99,442 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of ICF International in the 2nd quarter valued at about $3,055,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Stock Performance

Shares of NASDAQ ICFI opened at $87.25 on Wednesday. The business’s 50-day simple moving average is $83.71 and its 200-day simple moving average is $74.73. 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. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 18.06 and a beta of 0.52.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share (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 firm had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $478.30 million. During the same quarter in the prior year, the business earned $1.66 earnings per share. The company’s revenue was down .3% on a year-over-year basis. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. As a group, equities research analysts expect that ICF International, Inc. will post 7.07 earnings per share for the current fiscal year.

ICF International declared that its board has approved a stock buyback plan on Thursday, June 25th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

ICF International Announces Dividend

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

Insider Activity

In other news, CEO John Wasson sold 6,400 shares of ICF International stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $88.32, for a total value of $565,248.00. Following the transaction, the chief executive officer directly owned 6,339 shares in the company, valued at approximately $559,860.48. The trade was a 50.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sergio Ostria sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $88.59, for a total value of $177,180.00. Following the transaction, the executive vice president directly owned 24,467 shares of the company’s stock, valued at $2,167,531.53. This represents a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 20,811 shares of company stock worth $1,736,301. 1.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ICFI has been the topic of several research reports. Barrington Research set a $110.00 price objective on shares of ICF International in a research note on Friday, August 14th. Weiss Ratings raised ICF International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen upgraded ICF International from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.00.

ICF International 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.