BlackRock Inc. Invests $132.28 Million in ICF International, Inc. $ICFI

Key Points

• BlackRock acquired 1.82 million ICF International shares worth approximately $132.3 million, giving it a 10.03% stake. Institutional investors collectively own 94.12% of the company.
• Analysts maintain a cautiously positive outlook, with a consensus “Moderate Buy” rating and a $105 price target. ICF reported quarterly EPS of $1.86, beating estimates, while revenue of $474.5 million slightly missed expectations.
• ICF declared a quarterly dividend of $0.14 per share and authorized a $100 million stock repurchase program, allowing buybacks of up to 8.1% of outstanding shares.

BlackRock Inc. acquired a new position in ICF International, Inc. (NASDAQ:ICFI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,815,514 shares of the business services provider's stock, valued at approximately $132,278,000. BlackRock Inc. owned about 10.03% of ICF International at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ICFI. EverSource Wealth Advisors LLC lifted its position in ICF International by 2,121.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider's stock worth $36,000 after buying an additional 403 shares in the last quarter. Captrust Financial Advisors acquired a new position in ICF International during the 2nd quarter valued at about $246,000. State of Wyoming bought a new position in shares of ICF International in the 2nd quarter valued at about $287,000. TradeLink Capital LLC bought a new position in ICF International in the fourth quarter valued at approximately $296,000. Finally, Jump Financial LLC raised its position in shares of ICF International by 195.3% during the 4th quarter. Jump Financial LLC now owns 6,756 shares of the business services provider's stock valued at $576,000 after acquiring an additional 4,468 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ICFI has been the subject of a number of research reports. Barrington Research set a $110.00 price objective on ICF International in a report on Friday, August 14th. Weiss Ratings raised shares of ICF International from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised shares of ICF International from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, ICF International presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $90.22 on Friday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 18.68 and a beta of 0.51. The business has a 50-day simple moving average of $81.00 and a two-hundred day simple moving average of $74.32. ICF International, Inc. has a fifty-two week low of $58.83 and a fifty-two 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 announced its earnings results 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. The company had revenue of $474.50 million for the quarter, compared to analysts' expectations of $478.30 million. ICF International had a return on equity of 11.53% and a net margin of 4.86%.ICF International's revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm earned $1.66 EPS. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. On average, analysts expect that ICF International, Inc. will post 7.06 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 4th will be paid 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 is Friday, September 4th. ICF International's dividend payout ratio is currently 11.59%.

ICF International announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 25th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at ICF International

In other news, EVP Sergio J. Ostria sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were 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 approximately $2,167,531.53. This trade represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Wasson sold 12,411 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 27,511 shares of the company's stock, valued at $2,203,080.88. The trade was 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. Corporate insiders own 1.71% of the company's stock.

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.

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