Teacher Retirement System of Texas bought a new stake in First Advantage Co. (NYSE:FA – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 186,522 shares of the company’s stock, valued at approximately $2,393,000. Teacher Retirement System of Texas owned approximately 0.12% of First Advantage as of its most recent filing with the SEC.
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A number of other institutional investors have also modified their holdings of FA. Principal Financial Group Inc. boosted its holdings in shares of First Advantage by 657.4% in the second quarter. Principal Financial Group Inc. now owns 1,800,279 shares of the company’s stock valued at $22,809,000 after acquiring an additional 1,562,579 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of First Advantage by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 4,851,255 shares of the company’s stock valued at $97,948,000 after acquiring an additional 675,006 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of First Advantage by 13.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,720,806 shares of the company’s stock valued at $59,813,000 after acquiring an additional 560,137 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of First Advantage by 385.0% in the 2nd quarter. Renaissance Technologies LLC now owns 609,200 shares of the company’s stock valued at $7,719,000 after acquiring an additional 483,600 shares in the last quarter. Finally, FMR LLC lifted its position in shares of First Advantage by 19.3% in the 2nd quarter. FMR LLC now owns 2,708,478 shares of the company’s stock valued at $34,316,000 after acquiring an additional 438,567 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.
Analyst Ratings Changes
A number of research firms have issued reports on FA. Royal Bank of Canada cut their target price on shares of First Advantage from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. Citigroup lowered shares of First Advantage from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $15.50 in a research report on Wednesday, January 11th. Bank of America lowered shares of First Advantage from a “buy” rating to a “neutral” rating and set a $14.50 price target on the stock. in a research report on Tuesday, January 17th. Jefferies Financial Group downgraded shares of First Advantage from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $19.00 to $13.00 in a report on Tuesday, October 25th. Finally, Barclays downgraded shares of First Advantage from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $20.00 to $14.00 in a report on Friday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.20.
First Advantage Stock Performance
Shares of FA opened at $13.53 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.62 and a current ratio of 5.62. First Advantage Co. has a twelve month low of $10.07 and a twelve month high of $21.01. The firm’s 50 day moving average price is $13.10 and its two-hundred day moving average price is $13.46. The firm has a market cap of $2.06 billion, a P/E ratio of 34.69, a PEG ratio of 1.40 and a beta of 1.25.
First Advantage (NYSE:FA – Get Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). First Advantage had a return on equity of 13.14% and a net margin of 7.39%. The business had revenue of $205.99 million during the quarter, compared to the consensus estimate of $210.95 million. On average, analysts forecast that First Advantage Co. will post 1.02 EPS for the current fiscal year.
First Advantage Profile
First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital 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.
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