ICF International (NASDAQ:ICFI) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• ICF International shares rose above their 200-day moving average, trading near $87.73 versus the $76.69 average. Analysts maintain a “Moderate Buy” consensus with a $105 price target.
• The company exceeded quarterly earnings expectations, reporting $1.86 in adjusted EPS versus the $1.65 consensus, although revenue declined 0.3% year over year to $474.5 million.
• ICF announced a $100 million share-repurchase authorization, covering up to 8.1% of outstanding shares, and continues to pay a quarterly dividend of $0.14 per share.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $76.69 and traded as high as $88.11. ICF International shares last traded at $87.73, with a volume of 138,871 shares traded.

Wall Street Analysts Forecast Growth

ICFI has been the topic of several research analyst reports. Barrington Research set a $110.00 price target on ICF International in a report on Friday, August 14th. Weiss Ratings upgraded ICF International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 2nd. Finally, Wall Street Zen raised ICF International from a "hold" rating to a "strong-buy" rating in a report 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

ICF International Trading Up 0.2%

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 firm has a market capitalization of $1.57 billion, a PE ratio of 18.16 and a beta of 0.52. The stock's fifty day simple moving average is $86.97 and its 200 day simple moving average is $76.69.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.21. The business had revenue of $474.50 million for the quarter, compared to analysts' expectations of $478.30 million. ICF International had a net margin of 4.86% and a return on equity of 11.53%. The company's revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 EPS. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. On average, sell-side analysts predict that ICF International, Inc. will post 7.07 earnings per share for the current year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 4th were given a dividend of $0.14 per share. The ex-dividend date was Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 0.6%. ICF International's payout ratio is 11.59%.

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

Insider Activity

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 value of $177,180.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Wasson sold 6,400 shares of the firm's stock in a transaction dated 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 transaction, 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. 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. Insiders own 1.71% of the company's stock.

Institutional Investors Weigh In On ICF International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICFI. GAMMA Investing LLC raised its position in shares of ICF International by 41.3% during the 3rd quarter. GAMMA Investing LLC now owns 472 shares of the business services provider's stock valued at $39,000 after purchasing an additional 138 shares during the period. Farther Finance Advisors LLC boosted its holdings in ICF International by 73.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 336 shares of the business services provider's stock worth $28,000 after buying an additional 142 shares during the period. Empowered Funds LLC bought a new position in ICF International in the 2nd quarter worth $3,881,000. Public Employees Retirement System of Ohio bought a new position in ICF International in the 2nd quarter worth $1,209,000. Finally, Corient Private Wealth LP purchased a new stake in ICF International in the 2nd quarter worth $2,860,000. Institutional investors own 94.12% of the company's stock.

ICF International Company Profile

ICF International, Inc, doing business as ICF, is a global consulting and professional services company that helps government agencies and commercial organizations address complex challenges in energy, climate, infrastructure, health, and public policy. The company combines consulting, technology, analytics, and implementation services to support clients from strategy development through program delivery.

ICF's services include energy efficiency and clean-energy program management, climate and environmental consulting, disaster recovery, public health and human services, transportation planning, cybersecurity, data analytics, and digital transformation.

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