183,427 Shares in First Advantage Co. $FA Purchased by Legal & General Group Plc

Key Points

• Legal & General Group bought 183,427 First Advantage shares worth approximately $3.31 million, while institutional investors collectively own 94.91% of the company.
• First Advantage reported quarterly earnings of $0.35 per share, beating estimates by $0.06, as revenue rose 14.9% year over year. The company issued fiscal 2026 EPS guidance of $1.23–$1.29.
• Analyst sentiment is positive, with a consensus rating of “Moderate Buy” and an average price target of $23.33; recent targets range as high as $30.

Legal & General Group Plc purchased a new stake in First Advantage Co. (NYSE:FA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 183,427 shares of the company's stock, valued at approximately $3,311,000. Legal & General Group Plc owned approximately 0.11% of First Advantage as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. increased its holdings in First Advantage by 33.6% in the first quarter. Sei Investments Co. now owns 181,210 shares of the company's stock valued at $2,131,000 after purchasing an additional 45,608 shares during the last quarter. Sunriver Management LLC boosted its holdings in First Advantage by 14.0% during the first quarter. Sunriver Management LLC now owns 3,032,711 shares of the company's stock worth $35,665,000 after buying an additional 371,425 shares during the last quarter. Renaissance Technologies LLC bought a new position in First Advantage during the first quarter worth about $1,288,000. Quantinno Capital Management LP raised its position in shares of First Advantage by 581.4% in the 1st quarter. Quantinno Capital Management LP now owns 214,882 shares of the company's stock valued at $2,527,000 after acquiring an additional 183,345 shares during the period. Finally, BlackRock Inc. bought a new position in First Advantage during the 2nd quarter worth approximately $217,748,000. Institutional investors own 94.91% of the company's stock.

First Advantage Stock Up 1.7%

First Advantage stock opened at $21.38 on Friday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a 1-year low of $8.82 and a 1-year high of $25.15. The company has a fifty day simple moving average of $20.76 and a 200 day simple moving average of $15.84. The company has a market cap of $3.67 billion, a P/E ratio of 712.67 and a beta of 1.15.

First Advantage (NYSE:FA - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.First Advantage's quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. First Advantage has set its FY 2026 guidance at 1.23-1.290 EPS. Research analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of First Advantage from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Barclays raised their price objective on First Advantage from $20.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Needham & Company LLC raised First Advantage from a "hold" rating to a "buy" rating and set a $28.00 target price for the company in a research note on Thursday, August 6th. Citigroup lifted their price objective on First Advantage from $18.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, August 17th. Finally, JPMorgan Chase & Co. increased their target price on First Advantage from $15.00 to $18.00 and gave the stock an "overweight" rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.33.

Insider Transactions at First Advantage

In other news, Director James Clark sold 4,921 shares of First Advantage stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $15.69, for a total value of $77,210.49. Following the completion of the transaction, the director owned 56,844 shares of the company's stock, valued at $891,882.36. This trade represents a 7.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.40% of the company's stock.

First Advantage Company Profile

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company's core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.

Want to see what other hedge funds are holding FA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Advantage Co. (NYSE:FA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.