Sei Investments Co. Boosts Stake in First Advantage Co. (NYSE:FA)

Sei Investments Co. raised its position in shares of First Advantage Co. (NYSE:FA) by 27.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,159 shares of the company’s stock after buying an additional 27,237 shares during the quarter. Sei Investments Co. owned about 0.09% of First Advantage worth $2,027,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Leith Wheeler Investment Counsel Ltd. boosted its stake in First Advantage by 24.6% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 603,022 shares of the company’s stock worth $9,781,000 after buying an additional 119,100 shares during the period. Dimensional Fund Advisors LP grew its holdings in First Advantage by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock valued at $50,314,000 after purchasing an additional 254,219 shares during the last quarter. Capital Research Global Investors raised its position in First Advantage by 9.4% in the 1st quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock worth $93,711,000 after purchasing an additional 496,898 shares during the period. Cat Rock Capital Management LP grew its position in First Advantage by 10.0% in the 4th quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock valued at $55,109,000 after acquiring an additional 303,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of First Advantage by 16.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after purchasing an additional 2,163 shares during the last quarter. Institutional investors own 94.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup raised their price objective on First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Truist Financial dropped their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, First Advantage presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

First Advantage Trading Up 0.4 %

NYSE FA opened at $19.82 on Friday. First Advantage Co. has a 52 week low of $12.46 and a 52 week high of $20.07. The company has a 50 day moving average price of $18.60 and a 200 day moving average price of $16.99. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.88 billion, a PE ratio of 90.09 and a beta of 1.16.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $184.55 million for the quarter, compared to the consensus estimate of $184.66 million. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, sell-side analysts forecast that First Advantage Co. will post 0.82 EPS for the current fiscal year.

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.