The Manufacturers Life Insurance Company Takes $625,000 Position in ICF International, Inc. $ICFI

The Manufacturers Life Insurance Company acquired a new stake in shares of ICF International, Inc. (NASDAQ:ICFI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,575 shares of the business services provider’s stock, valued at approximately $625,000.

A number of other large investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of ICF International by 2,121.1% during the 2nd 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 during the period. Allworth Financial LP bought a new stake in shares of ICF International in the second quarter worth $86,000. Captrust Financial Advisors bought a new stake in shares of ICF International in the second quarter worth $246,000. Vise Technologies Inc. purchased a new stake in ICF International during the second quarter valued at $248,000. Finally, State of Wyoming purchased a new stake in ICF International during the second quarter valued at $287,000. Institutional investors own 94.12% of the company’s stock.

Insider Activity at ICF International

In other ICF International news, CEO John Wasson sold 6,400 shares of ICF International stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $88.32, for a total transaction of $565,248.00. Following the transaction, the chief executive officer owned 6,339 shares of the company’s stock, valued at $559,860.48. The trade was a 50.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $88.59, for a total transaction of $177,180.00. Following the completion of the transaction, the executive vice president owned 24,467 shares of the company’s stock, valued at approximately $2,167,531.53. The trade was a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,811 shares of company stock valued at $1,736,301 over the last three months. 1.71% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ICFI. Wall Street Zen raised ICF International from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. 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. Finally, Barrington Research set a $110.00 price objective 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

ICF International Stock Performance

NASDAQ:ICFI opened at $88.00 on Monday. ICF International, Inc. has a one year low of $58.83 and a one year high of $101.50. The business has a fifty day moving average price of $83.15 and a 200-day moving average price of $74.58. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 18.22 and a beta of 0.52. 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) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.21. The business had revenue of $474.50 million during the quarter, compared to analyst estimates of $478.30 million. ICF International had a return on equity of 11.53% and a net margin of 4.86%.ICF International’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 earnings per share. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Sell-side analysts forecast that ICF International, Inc. will post 7.07 EPS for the current year.

ICF International announced that its board has approved a share 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 purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 4th will be paid a dividend of $0.14 per share. The ex-dividend date 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%.

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.