ICF International (NASDAQ:ICFI) Shares Down 6.2% – Here’s What Happened

ICF International, Inc. (NASDAQ:ICFI)’s stock price fell 6.2% during mid-day trading on Thursday . The stock traded as low as $67.95 and last traded at $67.7550. 76,152 shares were traded during trading, a decline of 73% from the average session volume of 286,258 shares. The stock had previously closed at $72.20.

Analysts Set New Price Targets

ICFI has been the subject of a number of analyst reports. Weiss Ratings lowered ICF International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Barrington Research reaffirmed an “outperform” rating and set a $102.00 price objective on shares of ICF International in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ICF International has an average rating of “Hold” and a consensus target price of $102.33.

ICF International Stock Performance

The company’s 50-day simple moving average is $68.99 and its 200 day simple moving average is $77.16. The stock has a market cap of $1.20 billion, a P/E ratio of 14.40 and a beta of 0.54. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, May 7th. The business services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.05). The business had revenue of $437.50 million during the quarter, compared to the consensus estimate of $448.63 million. ICF International had a net margin of 4.68% and a return on equity of 11.38%. The business’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 earnings per share. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. As a group, sell-side analysts expect that ICF International, Inc. will post 7.01 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 5th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, June 5th. ICF International’s dividend payout ratio is 12.12%.

Insider Activity

In other ICF International news, Director Handel Michael J. Van bought 8,000 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $61.39 per share, for a total transaction of $491,120.00. Following the purchase, the director directly owned 24,254 shares of the company’s stock, valued at approximately $1,488,953.06. This trade represents a 49.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.48% of the stock is currently owned by corporate insiders.

Institutional Trading of ICF International

A number of large investors have recently added to or reduced their stakes in ICFI. EverSource Wealth Advisors LLC raised its position in ICF International by 2,121.1% in the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider’s stock worth $36,000 after acquiring an additional 403 shares during the period. Captrust Financial Advisors purchased a new stake in shares of ICF International during the 2nd quarter worth approximately $246,000. Neumeier Poma Investment Counsel LLC increased its stake 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 worth $30,455,000 after purchasing an additional 157,295 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of ICF International by 37.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 6,902 shares of the business services provider’s stock worth $641,000 after purchasing an additional 1,880 shares during the period. Finally, Teton Advisors LLC bought a new stake in shares of ICF International in the 3rd quarter worth approximately $464,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Company 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.