41,516 Shares in First Advantage Co. (NYSE:FA) Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC purchased a new position in First Advantage Co. (NYSE:FA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 41,516 shares of the company's stock, valued at approximately $778,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 during the last quarter. Truist Financial Corp increased its stake in shares of First Advantage by 37.4% in the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after purchasing an additional 5,197 shares in the last quarter. Cortland Associates Inc. MO bought a new position in First Advantage in the 4th quarter worth $24,328,000. New York State Common Retirement Fund raised its holdings in First Advantage by 29.8% in the 4th quarter. New York State Common Retirement Fund now owns 387,320 shares of the company's stock worth $7,255,000 after purchasing an additional 88,914 shares during the period. Finally, Geode Capital Management LLC lifted its position in First Advantage by 15.2% during the fourth quarter. Geode Capital Management LLC now owns 1,490,395 shares of the company's stock valued at $27,921,000 after purchasing an additional 196,332 shares in the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. William Blair restated an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Barclays boosted their price objective on First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday. BMO Capital Markets decreased their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Finally, Royal Bank of Canada downgraded shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target on the stock. in a report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $66.00.

First Advantage Price Performance

FA traded down $0.02 on Thursday, hitting $17.03. 946,532 shares of the company's stock traded hands, compared to its average volume of 833,017. The company's 50 day simple moving average is $15.24 and its 200-day simple moving average is $16.94. 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 one year low of $12.32 and a one year high of $20.79. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 567.67 and a beta of 1.20.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company earned $0.17 EPS. The business's revenue for the quarter was up 109.3% on a year-over-year basis. As a group, research analysts anticipate that First Advantage Co. will post 0.74 EPS 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.