American Century Companies Inc. Reduces Holdings in First Advantage Co. $FA

Key Points

• American Century Companies Inc. has reduced its stake in First Advantage Co. by 31.1%, now holding approximately 1.42% of the company worth $34.77 million.
• First Advantage's stock has received mixed analyst ratings, with a consensus rating of "Hold" and a price target of $20.25.
• The company's recent quarterly earnings report showed a surprising 111.7% revenue increase year-over-year and earnings per share of $0.27, exceeding estimates.

American Century Companies Inc. decreased its position in First Advantage Co. (NYSE:FA - Free Report) by 31.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,467,984 shares of the company's stock after selling 1,116,070 shares during the period. American Century Companies Inc. owned about 1.42% of First Advantage worth $34,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FA. Signaturefd LLC purchased a new position in First Advantage in the first quarter valued at $30,000. Cornerstone Planning Group LLC purchased a new position in First Advantage in the first quarter valued at $63,000. GAMMA Investing LLC increased its stake in shares of First Advantage by 748.5% during the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock worth $97,000 after purchasing an additional 6,078 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after purchasing an additional 832 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of First Advantage by 2,967.1% during the first quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company's stock worth $130,000 after purchasing an additional 8,931 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company's stock.

Wall Street Analyst Weigh In

FA has been the subject of a number of research reports. Royal Bank Of Canada cut shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price for the company. in a research note on Friday, May 9th. Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a research note on Thursday, August 21st. Finally, Barclays boosted their target price on shares of First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.25.

First Advantage Price Performance

NYSE FA traded up $0.09 during trading hours on Wednesday, hitting $16.48. 422,502 shares of the company's stock traded hands, compared to its average volume of 1,053,973. First Advantage Co. has a 52-week low of $12.32 and a 52-week high of $20.79. The company has a market capitalization of $2.87 billion, a PE ratio of 549.33 and a beta of 1.24. 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's 50-day moving average is $17.01 and its 200-day moving average is $16.28.

First Advantage (NYSE:FA - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The business's quarterly revenue was up 111.7% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. Equities analysts forecast that First Advantage Co. will post 0.74 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.