Man Group plc Makes New $4.13 Million Investment in ICF International, Inc. $ICFI

Man Group plc bought a new stake in shares of ICF International, Inc. (NASDAQ:ICFI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 56,638 shares of the business services provider’s stock, valued at approximately $4,127,000. Man Group plc owned about 0.32% of ICF International at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ICFI. BlackRock Inc. bought a new stake in ICF International in the 2nd quarter valued at about $132,278,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of ICF International during the second quarter valued at approximately $19,529,759. Redwood Grove Capital LLC acquired a new position in shares of ICF International during the second quarter worth approximately $14,051,000. Bank of New York Mellon Corp bought a new position in ICF International in the 2nd quarter worth approximately $7,330,000. Finally, Systematic Financial Management LP increased its position in 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 acquiring an additional 99,442 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analysts Set New Price Targets

ICFI has been the subject of a number of recent analyst reports. 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. Barrington Research set a $110.00 price objective on shares of ICF International in a report on Friday, August 14th. Finally, Weiss Ratings raised ICF International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $105.00.

Insider Activity at ICF International

In related news, CEO John Wasson sold 12,411 shares of the company’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 completion of the transaction, the chief executive officer directly owned 27,511 shares in the company, valued at $2,203,080.88. This represents a 31.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 dated 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 owned 24,467 shares of the company’s stock, valued at approximately $2,167,531.53. The trade was a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.71% of the stock is owned by corporate insiders.

ICF International Price 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. The company has a market cap of $1.62 billion, a PE ratio of 18.68 and a beta of 0.51. ICF International, Inc. has a 1 year low of $58.83 and a 1 year high of $101.50. The stock’s 50-day moving average price is $81.00 and its two-hundred day moving average price is $74.24.

ICF International (NASDAQ:ICFI) last announced 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 firm had revenue of $474.50 million during the quarter, compared to analyst estimates of $478.30 million. During the same period last year, the company posted $1.66 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. On average, analysts predict that ICF International, Inc. will post 7.07 EPS for the current year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 4th will be paid a $0.14 dividend. 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 presently 11.59%.

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

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.