ICF International (NASDAQ:ICFI) Shares Break Above Two Hundred Day Moving Average – What’s Next?

Shares of ICF International, Inc. (NASDAQ:ICFI) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $76.69 and traded as high as $88.11. ICF International shares last traded at $87.73, with a volume of 138,871 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen upgraded ICF International from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of ICF International from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Finally, Barrington Research set a $110.00 price objective on shares of ICF International in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

ICF International Trading Down 0.9%

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 17.94 and a beta of 0.52. The business’s fifty day moving average price is $87.00 and its 200 day moving average price is $76.84.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.21. The business had revenue of $474.50 million during the quarter, compared to the consensus estimate of $478.30 million. ICF International had a return on equity of 11.53% and a net margin of 4.86%. ICF International’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 earnings per share. 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 earnings per share for the current fiscal year.

ICF International Announces Dividend

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

ICF International announced that its Board of Directors has authorized a stock repurchase plan on Thursday, June 25th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 8.1% of its shares through open market purchases. Share repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, CEO John Wasson sold 6,400 shares of ICF International stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $88.32, for a total value of $565,248.00. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing 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 J. Ostria sold 2,000 shares of ICF International stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $88.59, for a total value of $177,180.00. Following the completion of the transaction, the executive vice president directly owned 24,467 shares in the company, valued at approximately $2,167,531.53. This represents a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.71% of the company’s stock.

Institutional Trading of ICF International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in shares of ICF International during the second quarter worth $1,227,000. Public Employees Retirement System of Ohio bought a new position in ICF International during the second quarter worth $1,209,000. Bank of America Corp DE acquired a new position in ICF International in the second quarter valued at $6,013,000. Ieq Capital LLC acquired a new position in ICF International in the second quarter valued at $3,055,000. Finally, Deutsche Bank AG acquired a new position in ICF International in the second quarter valued at $1,994,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

ICF International Company Profile

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.