16,589 Shares in ICF International, Inc. $ICFI Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 16,589 ICF International shares valued at approximately $1.2 million, while institutional investors collectively own 94.12% of the company.
• Analyst sentiment is moderately positive: ICF International has an average “Moderate Buy” rating and a consensus price target of $105, with recent upgrades from Wall Street Zen and Weiss Ratings.
• ICF exceeded quarterly earnings expectations, reporting $1.86 EPS versus the $1.65 consensus estimate. The company also approved a $100 million share buyback and declared a quarterly dividend of $0.14 per share.

Public Employees Retirement System of Ohio acquired a new position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,589 shares of the business services provider's stock, valued at approximately $1,209,000. Public Employees Retirement System of Ohio owned about 0.09% of ICF International as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in ICF International by 2,121.1% in the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider's stock worth $36,000 after purchasing an additional 403 shares in the last quarter. Allworth Financial LP bought a new position in ICF International during the 2nd quarter worth approximately $86,000. Captrust Financial Advisors acquired a new position in shares of ICF International in the 2nd quarter worth approximately $246,000. Vise Technologies Inc. acquired a new stake in shares of ICF International during the 2nd quarter valued at approximately $248,000. Finally, TradeLink Capital LLC bought a new position in ICF International during the fourth quarter worth $296,000. Institutional investors own 94.12% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at ICF International

In related news, EVP Sergio Ostria sold 2,000 shares of the firm's stock in a transaction that occurred 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 $2,167,531.53. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Wasson sold 12,411 shares of ICF International stock in a transaction on Monday, July 13th. The shares were sold at an average price of $80.08, for a total value of $993,872.88. Following the transaction, the chief executive officer owned 27,511 shares in the company, valued at approximately $2,203,080.88. This trade represents a 31.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,811 shares of company stock valued at $1,736,301 over the last quarter. Insiders own 1.71% of the company's stock.

ICF International Stock Performance

Shares of NASDAQ ICFI opened at $87.25 on Wednesday. ICF International, Inc. has a 12-month low of $58.83 and a 12-month high of $101.50. 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 $1.56 billion, a PE ratio of 18.06 and a beta of 0.52. The stock has a 50 day simple moving average of $83.71 and a 200-day simple moving average of $74.73.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share for the quarter, beating 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 firm had revenue of $474.50 million for the quarter, compared to the consensus estimate of $478.30 million. During the same quarter in the previous year, the business earned $1.66 EPS. The firm's revenue for the quarter 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 forecast that ICF International, Inc. will post 7.07 EPS for the current year.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 4th. ICF International's payout ratio is 11.59%.

ICF International declared that its board has initiated a stock buyback program 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 reacquire up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board 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.

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