Legal & General Group Plc Purchases New Position in ICF International, Inc. $ICFI

Key Points

• Legal & General Group Plc purchased 16,839 shares of ICF International worth approximately $1.23 million, while institutional investors collectively own 94.12% of the company.
• ICF reported quarterly EPS of $1.86, beating estimates of $1.65, though revenue declined 0.3% year over year to $474.5 million. The company reaffirmed fiscal 2026 EPS guidance of $6.95–$7.25.
• ICF approved a $100 million share buyback covering up to 8.1% of shares and announced a quarterly dividend of $0.14 per share. Analysts maintain a “Moderate Buy” consensus with an average price target of $105.

Legal & General Group Plc purchased a new stake in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 16,839 shares of the business services provider's stock, valued at approximately $1,227,000. Legal & General Group Plc owned about 0.09% of ICF International as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company purchased a new position in shares of ICF International during the second quarter valued at approximately $625,000. Neumeier Poma Investment Counsel LLC purchased a new stake in ICF International in the 2nd quarter valued at $19,529,759. Ieq Capital LLC purchased a new stake in ICF International in the 2nd quarter valued at $3,055,000. Allworth Financial LP bought a new position in ICF International during the 2nd quarter valued at $86,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in ICF International during the 2nd quarter valued at $566,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $88.00 on Monday. ICF International, Inc. has a 1 year low of $58.83 and a 1 year high of $101.50. The company has a market capitalization of $1.58 billion, a PE ratio of 18.22 and a beta of 0.52. The business has a fifty day moving average price of $83.15 and a two-hundred day moving average price of $74.58. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39.

ICF International (NASDAQ:ICFI - Get Free Report) last released 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%.The business's revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.66 EPS. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Analysts forecast that ICF International, Inc. will post 7.07 earnings per share for the current year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders 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 of this dividend is Friday, September 4th. ICF International's dividend payout ratio is currently 11.59%.

ICF International announced that its board has approved a stock buyback plan 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 repurchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently issued reports on ICFI. Barrington Research set a $110.00 target price on shares of ICF International in a research note on Friday, August 14th. Weiss Ratings upgraded shares of ICF International from a "sell (d+)" rating to a "hold (c-)" rating in a report 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 issued a Hold rating to the stock. According to data from MarketBeat, ICF International currently has an average rating of "Moderate Buy" and an average price target of $105.00.

Insider Activity at ICF International

In related news, EVP Sergio Ostria sold 2,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 24,467 shares in the company, 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 this link. Also, CEO John Wasson sold 6,400 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $88.32, for a total value of $565,248.00. Following the completion of the sale, the chief executive officer directly owned 6,339 shares of the company's stock, valued at $559,860.48. This represents a 50.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 20,811 shares of company stock valued at $1,736,301. 1.71% of the stock is currently owned by company insiders.

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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