ICF International (NASDAQ:ICFI) Hits New 52-Week High – Here’s What Happened

ICF International, Inc. (NASDAQ:ICFI)’s share price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $98.73 and last traded at $98.3690, with a volume of 22,897 shares changing hands. The stock had previously closed at $95.48.

Analyst Ratings Changes

Several brokerages recently issued reports on ICFI. 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 research report on Friday, August 14th. Finally, Weiss Ratings raised shares of ICF International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

ICF International Price Performance

The company has a 50 day moving average price of $88.20 and a 200 day moving average price of $79.09. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 20.22 and a beta of 0.45. 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 (NASDAQ:ICFI) last released its earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share 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 company had revenue of $474.50 million during the quarter, compared to the consensus estimate of $478.30 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. 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. As a group, equities research analysts forecast that ICF International, Inc. will post 7.07 earnings per share for the current year.

ICF International Dividend Announcement

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

Insider Activity

In other ICF International news, CEO John Wasson sold 6,400 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $88.32, for a total transaction 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. This represents a 50.24% decrease in their position. 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 company’s 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On ICF International

Several large investors have recently bought and sold shares of ICFI. GAMMA Investing LLC boosted its position in shares of ICF International by 41.3% in the 3rd quarter. GAMMA Investing LLC now owns 472 shares of the business services provider’s stock worth $39,000 after purchasing an additional 138 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in ICF International by 73.2% in the third quarter. Farther Finance Advisors LLC now owns 336 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 142 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in ICF International by 11.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the business services provider’s stock valued at $136,000 after buying an additional 162 shares during the period. Root Financial Partners LLC acquired a new position in ICF International in the third quarter valued at about $25,000. Finally, Allworth Financial LP acquired a new position in ICF International in the second quarter valued at about $86,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Company Profile

ICF International, Inc is a global consulting and technology services company that helps government agencies, businesses and nonprofit organizations address complex policy, management and operational challenges. The company combines research, advisory services, data analytics, technology implementation and strategic communications to support clients from program design through execution and evaluation.

ICF’s work spans energy and climate, environment, transportation, public health, health care, community development, disaster recovery, workforce programs and public-sector modernization.