American Century Companies Inc. Cuts Position 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. lessened its holdings in shares of First Advantage Co. (NYSE:FA - Free Report) by 31.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,467,984 shares of the company's stock after selling 1,116,070 shares during the period. American Century Companies Inc. owned approximately 1.42% of First Advantage worth $34,774,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FA. Nuveen Asset Management LLC raised its stake in First Advantage by 21.5% in the fourth quarter. Nuveen Asset Management LLC now owns 237,848 shares of the company's stock valued at $4,455,000 after buying an additional 42,150 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of First Advantage by 26.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,811 shares of the company's stock worth $350,000 after acquiring an additional 5,185 shares during the last quarter. Rhumbline Advisers grew its stake in shares of First Advantage by 10.8% during the first quarter. Rhumbline Advisers now owns 87,194 shares of the company's stock worth $1,229,000 after acquiring an additional 8,498 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of First Advantage by 5.4% during the first quarter. Mutual of America Capital Management LLC now owns 1,136,993 shares of the company's stock worth $16,020,000 after acquiring an additional 58,220 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of First Advantage by 16.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 37,054 shares of the company's stock worth $694,000 after acquiring an additional 5,208 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.

First Advantage Stock Performance

NYSE:FA traded up $0.80 during mid-day trading on Friday, hitting $17.12. The company's stock had a trading volume of 1,153,517 shares, compared to its average volume of 1,064,122. The business's fifty day moving average is $17.07 and its two-hundred day moving average is $16.31. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 570.67 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. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79.

First Advantage (NYSE:FA - Get Free Report) last issued 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 return on equity of 13.16% and a net margin of 0.65%.The company's revenue was up 111.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. Analysts anticipate that First Advantage Co. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

FA has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target on the stock. in a research note on Friday, May 9th. Barclays boosted their price target on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.25.

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.