California State Teachers Retirement System Has $1.33 Million Stake in First Advantage Co. (NYSE:FA)

California State Teachers Retirement System raised its stake in First Advantage Co. (NYSE:FA - Free Report) by 48.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,154 shares of the company's stock after buying an additional 23,102 shares during the period. California State Teachers Retirement System's holdings in First Advantage were worth $1,333,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP purchased a new position in shares of First Advantage during the 4th quarter valued at $71,695,000. Capital World Investors grew its holdings in shares of First Advantage by 246.4% during the 4th quarter. Capital World Investors now owns 5,227,076 shares of the company's stock valued at $97,903,000 after acquiring an additional 3,718,096 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of First Advantage by 337.3% during the 4th quarter. American Century Companies Inc. now owns 3,584,054 shares of the company's stock valued at $67,129,000 after acquiring an additional 2,764,534 shares in the last quarter. FMR LLC grew its holdings in shares of First Advantage by 49.1% during the 4th quarter. FMR LLC now owns 8,350,192 shares of the company's stock valued at $156,399,000 after acquiring an additional 2,750,166 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of First Advantage by 48.0% during the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock valued at $139,076,000 after acquiring an additional 2,409,233 shares in the last quarter. Institutional investors own 94.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FA. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a research report on Monday, June 2nd. Royal Bank of Canada cut First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target for the company. in a research report on Friday, May 9th. BMO Capital Markets reduced their price target on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Finally, 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 report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.00.

First Advantage Stock Performance

FA stock traded down $0.43 during mid-day trading on Friday, reaching $17.77. 537,954 shares of the stock traded hands, compared to its average volume of 857,146. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a 52 week low of $12.32 and a 52 week high of $20.79. The business has a 50-day moving average of $16.04 and a two-hundred day moving average of $16.93. The firm has a market capitalization of $3.09 billion, a PE ratio of 592.33 and a beta of 1.27.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. 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 business earned $0.17 earnings per share. First Advantage's quarterly revenue was up 109.3% compared to the same quarter last year. As a group, equities analysts predict 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.