Jupiter Topco LLC Takes $602,000 Position in ICF International, Inc. $ICFI

Jupiter Topco LLC purchased a new position in shares of ICF International, Inc. (NASDAQ:ICFI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,255 shares of the business services provider’s stock, valued at approximately $602,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised 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 valued at $36,000 after buying an additional 403 shares in the last quarter. Allworth Financial LP bought a new stake in shares of ICF International in the 2nd quarter valued at approximately $86,000. Captrust Financial Advisors bought a new stake in shares of ICF International in the 2nd quarter valued at approximately $246,000. Vise Technologies Inc. acquired a new stake in shares of ICF International during the 2nd quarter valued at approximately $248,000. Finally, State of Wyoming bought a new position in ICF International during the second quarter worth $287,000. 94.12% of the stock is owned by institutional investors.

ICF International Stock Performance

Shares of NASDAQ ICFI opened at $88.00 on Monday. 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 stock has a 50 day simple moving average of $83.15 and a 200-day simple moving average of $74.58. The company has a market cap of $1.58 billion, a PE ratio of 18.22 and a beta of 0.52. ICF International, Inc. has a 12-month low of $58.83 and a 12-month high of $101.50.

ICF International (NASDAQ:ICFI) last released 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. ICF International had a net margin of 4.86% and a return on equity of 11.53%. The company had revenue of $474.50 million for the quarter, compared to the consensus estimate of $478.30 million. During the same period in the previous year, the firm earned $1.66 EPS. ICF International’s revenue was down .3% on a year-over-year basis. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. On average, equities research analysts forecast that ICF International, Inc. will post 7.07 EPS for the current year.

ICF International declared that its board has authorized a stock buyback plan on Thursday, June 25th that allows the company to buyback $100.00 million in outstanding 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.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is 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 11.59%.

Insiders Place Their Bets

In other ICF International news, EVP Sergio Ostria sold 2,000 shares of the business’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 in the company, valued at approximately $2,167,531.53. The trade was a 7.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $565,248.00. Following the completion of the transaction, the chief executive officer 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,811 shares of company stock worth $1,736,301 over the last ninety days. 1.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of ICF International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Barrington Research set a $110.00 price objective on shares of ICF International in a research report on Friday, August 14th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $105.00.

ICF International Profile

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.