State Street Corp Has $24.87 Million Stock Holdings in First Advantage Co. (NYSE:FA)

State Street Corp raised its holdings in First Advantage Co. (NYSE:FA) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,253,081 shares of the company’s stock after acquiring an additional 72,400 shares during the quarter. State Street Corp owned about 0.73% of First Advantage worth $24,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of First Advantage by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock valued at $50,314,000 after buying an additional 254,219 shares during the period. Allspring Global Investments Holdings LLC bought a new position in First Advantage during the third quarter worth about $676,000. Sei Investments Co. grew its stake in First Advantage by 27.5% in the second quarter. Sei Investments Co. now owns 126,159 shares of the company’s stock valued at $2,027,000 after acquiring an additional 27,237 shares during the period. FMR LLC increased its holdings in shares of First Advantage by 50.8% in the third quarter. FMR LLC now owns 5,600,026 shares of the company’s stock worth $111,161,000 after acquiring an additional 1,886,716 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of First Advantage by 27.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company’s stock worth $331,000 after acquiring an additional 3,561 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors.

First Advantage Trading Down 0.5 %

First Advantage stock opened at $18.48 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The firm has a 50-day moving average of $18.88 and a 200-day moving average of $18.12. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 616.00 and a beta of 1.17. First Advantage Co. has a one year low of $14.01 and a one year high of $20.79.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $199.10 million during the quarter, compared to analysts’ expectations of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. On average, equities analysts expect that First Advantage Co. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FA shares. Citigroup lifted their price objective on First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research note on Wednesday, December 11th. Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. BMO Capital Markets assumed coverage on shares of First Advantage in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Royal Bank of Canada began coverage on First Advantage in a report on Friday, November 15th. They set an “outperform” rating and a $22.00 target price for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.29.

First Advantage Company Profile

First Advantage Corporation provides employment background screening, identity, and verification solutions worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.