100,609 Shares in ICF International, Inc. $ICFI Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 100,609 ICF International shares worth approximately $7.33 million, joining other institutional investors that collectively own 94.12% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $105. ICF reported quarterly EPS of $1.86, beating estimates of $1.65, despite a slight year-over-year revenue decline.
• ICF announced a $100 million share buyback authorization, allowing repurchases of up to 8.1% of outstanding shares, and declared a quarterly dividend of $0.14 per share.

Bank of New York Mellon Corp purchased a new stake in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 100,609 shares of the business services provider's stock, valued at approximately $7,330,000. Bank of New York Mellon Corp owned approximately 0.56% of ICF International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ICFI. Handelsbanken Fonder AB lifted its position in ICF International by 4.3% during the 4th quarter. Handelsbanken Fonder AB now owns 7,202 shares of the business services provider's stock worth $614,000 after buying an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of ICF International by 2,121.1% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider's stock valued at $36,000 after purchasing an additional 403 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ICF International by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 458,175 shares of the business services provider's stock valued at $39,089,000 after purchasing an additional 2,535 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of ICF International in the second quarter valued at approximately $246,000. Finally, TradeLink Capital LLC acquired a new stake in shares of ICF International in the fourth quarter valued at approximately $296,000. Institutional investors and hedge funds own 94.12% of the company's stock.

Wall Street Analyst Weigh In

ICFI has been the topic of a number of recent research reports. Barrington Research set a $110.00 price objective on ICF International in a research report on Friday, August 14th. Weiss Ratings raised ICF International from a "sell (d+)" rating to a "hold (c-)" rating in a research note 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.00.

ICF International Stock Performance

Shares of ICF International stock opened at $90.00 on Friday. The firm has a fifty day moving average of $82.82 and a two-hundred day moving average of $74.50. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 18.63 and a beta of 0.52. ICF International, Inc. has a 52 week low of $58.83 and a 52 week high of $101.50. 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 (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.21. ICF International had a return on equity of 11.53% and a net margin of 4.86%.The business had revenue of $474.50 million for the quarter, compared to analyst estimates of $478.30 million. During the same period last year, the company earned $1.66 EPS. The firm'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 predict that ICF International, Inc. will post 7.07 EPS for the current year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 4th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 4th. ICF International's dividend payout ratio is presently 11.59%.

ICF International announced that its board has approved a share buyback program on Thursday, June 25th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at ICF International

In other news, CEO John Wasson sold 6,400 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $88.32, for a total value of $565,248.00. Following the completion of the transaction, the chief executive officer owned 6,339 shares of the company's stock, valued at $559,860.48. The trade was a 50.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sergio J. Ostria sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $88.59, for a total value of $177,180.00. Following the sale, the executive vice president directly owned 24,467 shares in the company, valued at $2,167,531.53. The trade was a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 20,811 shares of company stock worth $1,736,301. Company insiders own 1.71% of the company's stock.

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.

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