ICF International (NASDAQ:ICFI) CEO Sells $565,248.00 in Stock

Key Points

• CEO John Wasson sold 6,400 ICF International shares for $565,248, reducing his direct stake by 50.24% to 6,339 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• ICF International recently reported quarterly EPS of $1.86, beating estimates of $1.65, while revenue of $474.5 million slightly missed forecasts and declined 0.3% year over year.
• The stock traded at $88.32, below its $101.50 52-week high, while analysts maintained a “Moderate Buy” consensus with an average price target of $105. The company also authorized a $100 million share-repurchase program and declared a quarterly dividend of $0.14.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) CEO John Wasson sold 6,400 shares of ICF International stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $88.32, for a total transaction of $565,248.00. Following the sale, the chief executive officer directly owned 6,339 shares in the company, valued at $559,860.48. This trade represents a 50.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Wasson also recently made the following trade(s):

• On Monday, July 13th, John Wasson sold 12,411 shares of ICF International stock. The shares were sold at an average price of $80.08, for a total value of $993,872.88.

ICF International Stock Down 0.6%

Shares of NASDAQ ICFI traded down $0.49 during midday trading on Wednesday, reaching $88.32. 181,119 shares of the company's stock were exchanged, compared to its average volume of 274,354. 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, Inc. has a 52-week low of $58.83 and a 52-week high of $101.50. The business's fifty day moving average price is $81.92 and its two-hundred day moving average price is $74.32. The stock has a market capitalization of $1.58 billion, a PE ratio of 18.29 and a beta of 0.52.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $478.30 million. During the same quarter in the prior year, the business posted $1.66 earnings per share. ICF International'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. Analysts forecast that ICF International, Inc. will post 7.07 EPS for the current year.

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

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 4th will be paid a $0.14 dividend. 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of ICF International from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Barrington Research set a $110.00 target price on ICF International in a report on Friday, August 14th. Finally, Weiss Ratings upgraded ICF International from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.00.

Institutional Trading of ICF International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its position in ICF International by 6,939.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,208,019 shares of the business services provider's stock valued at $88,016,000 after purchasing an additional 1,190,859 shares during the period. Empowered Funds LLC acquired a new stake in ICF International in the second quarter worth $3,881,000. Public Employees Retirement System of Ohio bought a new stake in ICF International in the second quarter valued at $1,209,000. Corient Private Wealth LP bought a new stake in ICF International in the second quarter valued at $2,860,000. Finally, Bank of America Corp DE acquired a new position in shares of ICF International during the second quarter valued at $6,013,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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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