Man Group plc Takes $4.13 Million Position in ICF International, Inc. $ICFI

Man Group plc bought a new position in ICF International, Inc. (NASDAQ:ICFI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 56,638 shares of the business services provider’s stock, valued at approximately $4,127,000.

Several other institutional investors have also bought and sold shares of ICFI. BlackRock Inc. acquired a new position in ICF International during the second quarter worth $132,278,000. Neumeier Poma Investment Counsel LLC increased its position in shares of ICF International by 46.6% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 481,086 shares of the business services provider’s stock worth $41,037,000 after purchasing an additional 152,905 shares in the last quarter. Geode Capital Management LLC lifted its holdings in ICF International by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 458,175 shares of the business services provider’s stock valued at $39,089,000 after purchasing an additional 2,535 shares during the last quarter. Systematic Financial Management LP boosted its position in ICF International by 84.9% in the first quarter. Systematic Financial Management LP now owns 216,538 shares of the business services provider’s stock valued at $14,138,000 after buying an additional 99,442 shares in the last quarter. Finally, Redwood Grove Capital LLC bought a new stake in ICF International during the second quarter worth about $14,051,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

ICF International Price Performance

NASDAQ ICFI opened at $90.22 on Monday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 18.68 and a beta of 0.51. ICF International, Inc. has a 52 week low of $58.83 and a 52 week high of $101.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a fifty day moving average of $81.00 and a 200-day moving average of $74.24.

ICF International (NASDAQ:ICFI) last posted 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 for the quarter, compared to analysts’ expectations of $478.30 million. ICF International had a return on equity of 11.53% and a net margin of 4.86%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 earnings per share. 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 Dividend Announcement

The firm also recently declared 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 4th. ICF International’s payout ratio is 11.59%.

ICF International announced that its Board of Directors has approved a stock buyback plan on Thursday, June 25th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded ICF International from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Barrington Research set a $110.00 price target on ICF International in a report on Friday, August 14th. Finally, Weiss Ratings raised shares of ICF International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

Insider Activity at ICF International

In other ICF International news, CEO John Wasson sold 12,411 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $80.08, for a total value of $993,872.88. Following the transaction, the chief executive officer directly owned 27,511 shares of the company’s stock, valued at approximately $2,203,080.88. This trade represents a 31.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 the company’s stock in a transaction on Wednesday, August 26th. The shares were 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 of the company’s stock, valued at $2,167,531.53. The trade was a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.71% of the company’s stock.

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.