ICF International (NASDAQ:ICFI) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• ICF International shares broke above their 200-day moving average, reaching $84.00 and last trading at $83.56 versus the $75.49 average.
• Analysts maintain a “Moderate Buy” consensus with a $105 target price; Barrington Research set a $110 target, while recent ratings included upgrades to “hold” and “strong buy.”
• ICF exceeded quarterly earnings expectations with $1.86 per share versus $1.65 expected, and announced a $0.14 quarterly dividend plus a $100 million share-repurchase program.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $75.49 and traded as high as $84.00. ICF International shares last traded at $83.56, with a volume of 230,532 shares traded.

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 research report on Wednesday, August 12th. Wall Street Zen upgraded shares of ICF International from a "hold" rating to a "strong-buy" rating in a 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's stock. According to data from MarketBeat, ICF International presently has an average rating of "Moderate Buy" and a consensus target price of $105.00.

ICF International Stock Performance

The stock has a market capitalization of $1.50 billion, a PE ratio of 17.30 and a beta of 0.52. The business has a 50 day moving average price of $85.99 and a 200 day moving average price of $75.49. 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 issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.21. The firm had revenue of $474.50 million during the quarter, compared to the consensus estimate of $478.30 million. ICF International had a return on equity of 11.53% and a net margin of 4.86%.The company's revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. As a group, equities research analysts expect that ICF International, Inc. will post 7.07 earnings per share for the current 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 issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 0.7%. ICF International's payout ratio is 11.59%.

ICF International declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 25th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Insider Activity at ICF International

In other news, CEO John Wasson sold 12,411 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were 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. This represents a 31.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sergio Ostria sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $88.59, for a total transaction of $177,180.00. Following the sale, the executive vice president directly owned 24,467 shares of the company's stock, valued at $2,167,531.53. This trade represents a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 20,811 shares of company stock worth $1,736,301. Insiders own 1.71% of the company's stock.

Institutional Trading of ICF International

Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new position in ICF International during the 2nd quarter valued at about $86,000. Vise Technologies Inc. bought a new stake in shares of ICF International in the second quarter worth approximately $248,000. State of Wyoming purchased a new position in shares of ICF International during the second quarter valued at approximately $287,000. Gabelli Funds LLC raised its holdings in shares of ICF International by 17.6% during the first quarter. Gabelli Funds LLC now owns 30,000 shares of the business services provider's stock valued at $1,959,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in ICF International by 73.6% during the second quarter. Handelsbanken Fonder AB now owns 12,502 shares of the business services provider's stock valued at $911,000 after purchasing an additional 5,300 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

ICF International Company Profile

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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