Neumeier Poma Investment Counsel LLC acquired a new position in ICF International, Inc. (NASDAQ:ICFI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 268,045 shares of the business services provider's stock, valued at approximately $19,529,759. Neumeier Poma Investment Counsel LLC owned 1.49% of ICF International at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in 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 worth $36,000 after purchasing an additional 403 shares during the last quarter. Allworth Financial LP purchased a new stake in ICF International in the second quarter worth $86,000. Captrust Financial Advisors bought a new position in ICF International in the second quarter valued at about $246,000. Vise Technologies Inc. bought a new stake in shares of ICF International in the second quarter worth about $248,000. Finally, State of Wyoming purchased a new stake in shares of ICF International during the second quarter valued at $287,000. 94.12% of the stock is owned by institutional investors and hedge funds.
ICF International Stock Up 1.0%
Shares of ICFI stock traded up $0.87 during mid-day trading on Friday, reaching $90.67. 47,993 shares of the company's stock traded hands, compared to its average volume of 276,038. The company has a market cap of $1.63 billion, a P/E ratio of 18.77 and a beta of 0.51. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.39. The company's 50-day moving average price is $80.53 and its 200-day moving average price is $74.21. ICF International, Inc. has a 12 month low of $58.83 and a 12 month high of $101.50.
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 (EPS) 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 business had revenue of $474.50 million during the quarter, compared to analyst estimates of $478.30 million. During the same quarter in the previous year, the business earned $1.66 earnings per share. The company's revenue for the quarter was down .3% compared to the same quarter last year. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. On average, equities analysts expect that ICF International, Inc. will post 7.06 earnings per share for the current fiscal year.
ICF International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, September 4th. ICF International's dividend payout ratio (DPR) is presently 11.59%.
ICF International announced that its Board of Directors has initiated a share repurchase 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 reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
A number of brokerages recently issued reports on ICFI. Weiss Ratings raised shares of ICF International from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Wall Street Zen upgraded ICF International from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Finally, Barrington Research set a $110.00 target price on shares of ICF International in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.
Check Out Our Latest Report on ICF International
Insider Buying and Selling
In other news, EVP Sergio J. Ostria sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $88.59, for a total transaction of $177,180.00. Following the sale, the executive vice president owned 24,467 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Also, CEO John Wasson sold 12,411 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $80.08, for a total transaction of $993,872.88. Following the sale, the chief executive officer owned 27,511 shares in the company, 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. 1.71% of the stock is currently owned by corporate insiders.
ICF International Profile
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Free Report)
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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