Freestone Grove Partners LP Buys Shares of 9,030 ICF International, Inc. $ICFI

Freestone Grove Partners LP purchased a new stake in ICF International, Inc. (NASDAQ:ICFI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 9,030 shares of the business services provider’s stock, valued at approximately $658,000.

A number of other institutional investors also recently modified their holdings of ICFI. BlackRock Inc. bought a new stake in shares of ICF International during the 2nd quarter worth $132,278,000. Neumeier Poma Investment Counsel LLC raised its stake in ICF International by 46.6% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 481,086 shares of the business services provider’s stock worth $41,037,000 after acquiring an additional 152,905 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ICF International by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 458,175 shares of the business services provider’s stock worth $39,089,000 after acquiring an additional 2,535 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of ICF International by 84.9% in the 1st quarter. Systematic Financial Management LP now owns 216,538 shares of the business services provider’s stock valued at $14,138,000 after purchasing an additional 99,442 shares in the last quarter. Finally, Redwood Grove Capital LLC bought a new stake in shares of ICF International during the 2nd quarter valued at approximately $14,051,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Sergio J. Ostria sold 2,000 shares of ICF International 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 transaction, the executive vice president owned 24,467 shares in the company, valued at approximately $2,167,531.53. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Wasson sold 12,411 shares of the business’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $80.08, for a total transaction of $993,872.88. Following the completion of the sale, the chief executive officer directly owned 27,511 shares in the company, valued at approximately $2,203,080.88. This represents a 31.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.71% of the stock is currently owned by insiders.

ICF International Stock Performance

ICF International stock opened at $90.22 on Monday. The business has a 50 day moving average of $81.00 and a 200-day moving average of $74.24. ICF International, Inc. has a 1 year low of $58.83 and a 1 year high of $101.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $1.62 billion, a P/E ratio of 18.68 and a beta of 0.51.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.21. ICF International had a net margin of 4.86% and a return on equity of 11.53%. The business had revenue of $474.50 million during the quarter, compared to analyst estimates of $478.30 million. During the same quarter last year, the business earned $1.66 EPS. The firm’s quarterly revenue 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, equities research analysts predict that ICF International, Inc. will post 7.07 earnings per share for the current year.

ICF International announced that its Board of Directors has authorized a stock repurchase plan on Thursday, June 25th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

ICF International Dividend Announcement

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 paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 0.6%. ICF International’s dividend payout ratio (DPR) is presently 11.59%.

Analyst Ratings Changes

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