ICF International (NASDAQ:ICFI) Shares Gap Up – Here’s What Happened

ICF International, Inc. (NASDAQ:ICFI)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $64.54, but opened at $67.50. ICF International shares last traded at $68.9350, with a volume of 41,508 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $102.00 target price on shares of ICF International in a research note on Wednesday, March 4th. Weiss Ratings cut shares of ICF International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.33.

ICF International Trading Down 4.1%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $1.18 billion, a P/E ratio of 14.09 and a beta of 0.54. The stock has a 50-day moving average price of $68.76 and a 200-day moving average price of $76.66.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.05). ICF International had a return on equity of 11.38% and a net margin of 4.68%.The company had revenue of $437.50 million during the quarter, compared to the consensus estimate of $448.63 million. During the same quarter last year, the company posted $1.94 earnings per share. The firm’s revenue for the quarter was down 10.3% 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 expect that ICF International, Inc. will post 7.01 EPS for the current year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 5th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. ICF International’s dividend payout ratio (DPR) is 12.12%.

ICF International announced that its board has initiated a share repurchase program on Thursday, June 25th that authorizes the company to buyback $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. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Handel Michael J. Van bought 8,000 shares of ICF International stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $61.39 per share, with a total value of $491,120.00. Following the completion of the purchase, the director directly owned 24,254 shares in the company, valued at $1,488,953.06. The trade was a 49.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.48% of the company’s stock.

Hedge Funds Weigh In On ICF International

A number of hedge funds and other institutional investors have recently modified their holdings of ICFI. Neumeier Poma Investment Counsel LLC increased its position in shares of ICF International by 92.0% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 328,181 shares of the business services provider’s stock valued at $30,455,000 after purchasing an additional 157,295 shares during the last quarter. Systematic Financial Management LP lifted its position in ICF International by 84.9% in the 1st quarter. Systematic Financial Management LP now owns 216,538 shares of the business services provider’s stock worth $14,138,000 after buying an additional 99,442 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in ICF International in the third quarter worth approximately $8,354,000. Wedge Capital Management L L P NC purchased a new stake in ICF International in the fourth quarter worth approximately $2,345,000. Finally, SG Americas Securities LLC grew its position in ICF International by 214.7% during the fourth quarter. SG Americas Securities LLC now owns 34,847 shares of the business services provider’s stock valued at $2,972,000 after acquiring an additional 23,773 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 (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.