Jupiter Topco LLC Buys New Stake in ICF International, Inc. $ICFI

Jupiter Topco LLC acquired a new stake in ICF International, Inc. (NASDAQ:ICFI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,255 shares of the business services provider’s stock, valued at approximately $602,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new stake in shares of ICF International in the second quarter valued at approximately $1,812,000. Redwood Grove Capital LLC acquired a new stake in shares of ICF International in the 2nd quarter worth $14,051,000. Canada Pension Plan Investment Board acquired a new stake in ICF International in the second quarter valued at about $503,000. Legal & General Group Plc acquired a new position in ICF International during the 2nd quarter worth approximately $1,227,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of ICF International in the 2nd quarter valued at approximately $625,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ICF International

In related news, EVP Sergio J. Ostria sold 2,000 shares of the stock in a transaction dated 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 owned 24,467 shares of the company’s stock, valued at approximately $2,167,531.53. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 sale, the chief executive officer owned 6,339 shares in the company, valued at $559,860.48. This represents a 50.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,811 shares of company stock worth $1,736,301 in the last ninety days. 1.71% of the stock is currently owned by insiders.

ICF International Stock Performance

NASDAQ:ICFI opened at $88.00 on Monday. The firm has a market capitalization of $1.58 billion, a PE 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, Inc. has a 12 month low of $58.83 and a 12 month high of $101.50. The business’s 50-day moving average is $83.15 and its two-hundred day moving average is $74.58.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.65 by $0.21. ICF International had a return on equity of 11.53% and a net margin of 4.86%.The firm had revenue of $474.50 million for the quarter, compared to analyst estimates of $478.30 million. During the same period in the previous year, the company posted $1.66 EPS. ICF International’s revenue for the quarter was down .3% on a year-over-year basis. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Research analysts predict that ICF International, Inc. will post 7.07 earnings per share for the current fiscal year.

ICF International announced that its board has initiated 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 purchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 4th. ICF International’s dividend payout ratio (DPR) is presently 11.59%.

Analyst Ratings Changes

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

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.