192,852 Shares in ICF International, Inc. $ICFI Bought by Redwood Grove Capital LLC

Redwood Grove Capital LLC bought a new stake in ICF International, Inc. (NASDAQ:ICFI) during the second quarter, according to its most recent filing with the SEC. The firm bought 192,852 shares of the business services provider’s stock, valued at approximately $14,051,000. ICF International comprises 3.6% of Redwood Grove Capital LLC’s holdings, making the stock its 15th biggest holding.

Several other institutional investors have also recently bought and sold shares of ICFI. EverSource Wealth Advisors LLC lifted its position in 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 worth $36,000 after acquiring an additional 403 shares during the last quarter. Allworth Financial LP bought a new position in shares of ICF International in the second quarter worth about $86,000. Captrust Financial Advisors acquired a new position in shares of ICF International during the 2nd quarter worth about $246,000. Vise Technologies Inc. bought a new stake in ICF International during the 2nd quarter valued at approximately $248,000. Finally, State of Wyoming acquired a new stake in ICF International in the 2nd quarter valued at approximately $287,000. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CEO John Wasson sold 12,411 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $80.08, for a total value of $993,872.88. Following the completion of the transaction, the chief executive officer directly owned 27,511 shares of the company’s stock, valued at $2,203,080.88. This trade represents a 31.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.71% of the stock is currently owned by company insiders.

ICF International Stock Down 0.5%

ICFI stock opened at $88.38 on Wednesday. ICF International, Inc. has a twelve month low of $58.83 and a twelve month high of $101.50. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.39. The company has a market cap of $1.58 billion, a PE ratio of 18.30 and a beta of 0.51. The business’s 50-day simple moving average is $79.72 and its 200 day simple moving average is $74.18.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.86 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $478.30 million. During the same quarter in the prior year, the firm posted $1.66 EPS. The company’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. On average, research analysts anticipate that ICF International, Inc. will post 7.06 earnings per share for the current year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 4th will be paid 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 is Friday, September 4th. ICF International’s dividend payout ratio is presently 11.59%.

ICF International declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 25th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.