ICF International (NASDAQ:ICFI) Stock Breaks Above 200 Day Moving Average - Here's Why

Key Points

• ICF International shares broke above their 200-day moving average, reaching $90.94 and last trading at $89.78 versus the $77.66 long-term average.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $105 target price; the stock recently exceeded quarterly EPS estimates, reporting $1.86 versus $1.65 expected.
• The company authorized a $100 million share repurchase program covering up to 8.1% of shares and pays a $0.14 quarterly dividend, while institutional investors own 94.12% of the stock.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $77.66 and traded as high as $90.94. ICF International shares last traded at $89.78, with a volume of 151,255 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ICFI shares. Barrington Research set a $110.00 price objective 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 report on Friday, October 2nd. Finally, Wall Street Zen raised ICF International from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, ICF International has an average rating of "Moderate Buy" and a consensus target price of $105.00.

ICF International Price Performance

The firm has a fifty day moving average of $86.91 and a two-hundred day moving average of $77.66. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.61 billion, a PE ratio of 18.59 and a beta of 0.52.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly 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 business 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 quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Research analysts anticipate that ICF International, Inc. will post 7.07 EPS for the current fiscal year.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 4th were given a $0.14 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. ICF International's payout ratio is presently 11.59%.

ICF International declared that its board has initiated a share repurchase plan on Thursday, June 25th that permits the company to buy back $100.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 8.1% of its shares through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Transactions at ICF International

In other news, EVP Sergio J. Ostria sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $88.59, for a total value of $177,180.00. Following the completion of the sale, the executive vice president directly owned 24,467 shares of the company's stock, valued at approximately $2,167,531.53. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Wasson sold 6,400 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $88.32, for a total transaction of $565,248.00. Following the completion of the transaction, the chief executive officer directly owned 6,339 shares of the company's stock, valued at approximately $559,860.48. The trade was a 50.24% 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 owned by insiders.

Institutional Trading of ICF International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of ICF International in the 2nd quarter worth approximately $132,278,000. Neumeier Poma Investment Counsel LLC bought a new position in ICF International during the 2nd quarter valued at approximately $19,529,759. Redwood Grove Capital LLC bought a new position in ICF International during the 2nd quarter valued at approximately $14,051,000. Bank of New York Mellon Corp bought a new position in ICF International during the 2nd quarter valued at approximately $7,330,000. Finally, Systematic Financial Management LP raised its stake in ICF International by 84.9% during the first quarter. Systematic Financial Management LP now owns 216,538 shares of the business services provider's stock valued at $14,138,000 after buying an additional 99,442 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

About ICF International

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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