Blair William & Co. IL Buys Shares of 174,685 First Advantage Co. (NYSE:FA)

Key Points

• Blair William & Co. IL acquired a new stake in First Advantage Co., purchasing 174,685 shares valued at approximately $2,461,000, indicating growing institutional interest in the company.
• Analysts currently have an average rating of "Hold" for First Advantage stock, with a target price ranging from $15.00 to $20.25, which reflects cautious optimism in the company's performance.
• First Advantage reported strong financial results, with a 111.7% increase in revenue year-over-year and earnings per share surpassing expectations, contributing to its market capitalization of $2.89 billion.

Blair William & Co. IL bought a new position in shares of First Advantage Co. (NYSE:FA - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 174,685 shares of the company's stock, valued at approximately $2,461,000. Blair William & Co. IL owned approximately 0.10% of First Advantage as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of First Advantage during the fourth quarter valued at $71,695,000. Capital World Investors lifted its stake in shares of First Advantage by 246.4% in the 4th quarter. Capital World Investors now owns 5,227,076 shares of the company's stock valued at $97,903,000 after purchasing an additional 3,718,096 shares in the last quarter. FMR LLC lifted its stake in shares of First Advantage by 49.1% in the 4th quarter. FMR LLC now owns 8,350,192 shares of the company's stock valued at $156,399,000 after purchasing an additional 2,750,166 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of First Advantage in the 4th quarter valued at about $16,970,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of First Advantage by 110.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,469,272 shares of the company's stock valued at $27,520,000 after buying an additional 769,825 shares in the last quarter. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FA shares. Barclays increased their target price on First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Royal Bank Of Canada lowered First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price for the company. in a research report on Friday, May 9th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a research report on Monday, June 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.25.

First Advantage Stock Performance

Shares of FA traded up $0.63 during mid-day trading on Tuesday, hitting $16.36. The stock had a trading volume of 683,582 shares, compared to its average volume of 1,079,556. First Advantage Co. has a fifty-two week low of $12.32 and a fifty-two week high of $20.79. The company has a market cap of $2.84 billion, a PE ratio of 545.33 and a beta of 1.24. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The company's fifty day simple moving average is $17.37 and its two-hundred day simple moving average is $16.44.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. During the same quarter last year, the company posted $0.21 earnings per share. The firm's revenue was up 111.7% on a year-over-year basis. On average, equities analysts expect that First Advantage Co. will post 0.74 earnings per share for the current year.

First Advantage 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.