ICF International (NASDAQ:ICFI) Sets New 52-Week Low – Here’s Why

ICF International, Inc. (NASDAQ:ICFI) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $64.25 and last traded at $64.36, with a volume of 455899 shares changing hands. The stock had previously closed at $67.27.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Truist Financial boosted their price target on shares of ICF International from $82.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, January 14th. Weiss Ratings cut shares of ICF International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Finally, Barrington Research reissued an “outperform” rating and set a $102.00 target price on shares of ICF International in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.33.

ICF International Trading Up 1.6%

The company has a quick ratio of 1.27, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $68.85 and its 200 day simple moving average is $79.19. The stock has a market capitalization of $1.10 billion, a P/E ratio of 13.17 and a beta of 0.56.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.05). The business had revenue of $437.50 million for the quarter, compared to the consensus estimate 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 last year, the business posted $1.94 EPS. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Equities research analysts anticipate that ICF International, Inc. will post 6.96 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 5th will be given a $0.14 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.56 annualized dividend and a yield of 0.9%. ICF International’s payout ratio is 12.12%.

Insider Activity

In related news, Director Randall Mehl purchased 1,100 shares of the company’s stock in a transaction on Friday, March 6th. The shares were bought at an average price of $74.30 per share, with a total value of $81,730.00. Following the completion of the acquisition, the director owned 21,574 shares of the company’s stock, valued at approximately $1,602,948.20. This represents a 5.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.48% of the company’s stock.

Institutional Investors Weigh In On ICF International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Gabelli Funds LLC lifted its holdings in shares of ICF International by 17.6% during the first quarter. Gabelli Funds LLC now owns 30,000 shares of the business services provider’s stock valued at $1,959,000 after purchasing an additional 4,500 shares during the last quarter. Systematic Financial Management LP raised its holdings 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 buying an additional 99,442 shares during the period. Jump Financial LLC lifted its stake in ICF International by 195.3% during the fourth quarter. Jump Financial LLC now owns 6,756 shares of the business services provider’s stock valued at $576,000 after buying an additional 4,468 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of ICF International by 62.2% in the fourth quarter. Russell Investments Group Ltd. now owns 21,132 shares of the business services provider’s stock worth $1,803,000 after buying an additional 8,104 shares during the period. Finally, Kennedy Capital Management LLC increased its position 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 worth $13,877,000 after acquiring an additional 72,664 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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.