ICF International, Inc. $ICFI Shares Newly Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 82,526 shares of ICF International in the second quarter, worth approximately $6.0 million, while institutional investors collectively own 94.12% of the company.
• ICF International reported quarterly EPS of $1.86, exceeding analyst estimates of $1.65, although revenue declined 0.3% year over year to $474.5 million. The company expects fiscal 2026 EPS of $6.95–$7.25.
• The board authorized a $100 million share-repurchase program, and the company announced a quarterly dividend of $0.14 per share. Analysts maintain a “Moderate Buy” consensus with an average price target of $105.

Bank of America Corp DE bought a new stake in ICF International, Inc. (NASDAQ:ICFI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 82,526 shares of the business services provider's stock, valued at approximately $6,013,000. Bank of America Corp DE owned about 0.46% of ICF International as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Freestone Grove Partners LP purchased a new stake in ICF International in the 2nd quarter valued at $658,000. Man Group plc purchased a new position in ICF International during the 2nd quarter worth $4,127,000. Jupiter Topco LLC purchased a new position in ICF International during the 2nd quarter worth $602,000. Hsbc Holdings PLC acquired a new position in ICF International in the second quarter valued at $1,812,000. Finally, Redwood Grove Capital LLC acquired a new position in ICF International in the second quarter valued at $14,051,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

ICF International Price Performance

Shares of NASDAQ ICFI opened at $83.56 on Monday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.30 and a beta of 0.52. ICF International, Inc. has a 52 week low of $58.83 and a 52 week high of $98.03. The firm has a 50-day moving average price of $85.99 and a 200 day moving average price of $75.50. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.39.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.21. ICF International had a net margin of 4.86% and a return on equity of 11.53%. The company had revenue of $474.50 million during the quarter, compared to analysts' expectations of $478.30 million. During the same period last year, the company posted $1.66 earnings per share. The firm's quarterly revenue was down .3% compared to the same quarter last year. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Equities research analysts anticipate that ICF International, Inc. will post 7.07 EPS for the current fiscal 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 given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 4th. ICF International's payout ratio is presently 11.59%.

ICF International declared that its board has authorized a stock buyback plan on Thursday, June 25th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. 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. Barrington Research set a $110.00 price target on ICF International in a research report on Friday, August 14th. Finally, Wall Street Zen raised ICF International from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, ICF International presently has an average rating of "Moderate Buy" and a consensus target price of $105.00.

Insider Buying and Selling at ICF International

In other ICF International news, EVP Sergio Ostria sold 2,000 shares of the company'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 owned 24,467 shares of the company's stock, valued at approximately $2,167,531.53. This represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Wasson sold 6,400 shares of the firm'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 approximately $559,860.48. This represents a 50.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,811 shares of company stock worth $1,736,301 in the last three months. 1.71% of the stock is owned by corporate insiders.

About ICF International

ICF International, Inc is a global consulting and technology services company that helps government agencies and commercial organizations address complex policy, management and operational challenges. The company combines research, data analytics, advisory services and digital technologies to support clients in designing and implementing programs.

Its services span energy and climate, health and human services, public-sector modernization, disaster recovery, transportation, infrastructure, workforce development, communications and marketing.

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