Intech Investment Management LLC Acquires 19,770 Shares of First Advantage Co. (NYSE:FA)

Intech Investment Management LLC increased its holdings in First Advantage Co. (NYSE:FA - Free Report) by 156.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,387 shares of the company's stock after acquiring an additional 19,770 shares during the period. Intech Investment Management LLC's holdings in First Advantage were worth $607,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in shares of First Advantage in the fourth quarter worth approximately $257,000. Natixis Advisors LLC acquired a new position in First Advantage in the 3rd quarter valued at approximately $298,000. Truist Financial Corp lifted its position in 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 buying an additional 5,197 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of First Advantage by 17.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after buying an additional 2,938 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of First Advantage by 53.7% during the 4th quarter. Arizona State Retirement System now owns 22,484 shares of the company's stock valued at $421,000 after buying an additional 7,851 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on FA shares. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. BMO Capital Markets decreased their price target on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Finally, Barclays cut their price objective on First Advantage from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.80.

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First Advantage Stock Performance

NYSE FA traded up $0.01 during trading on Thursday, hitting $14.22. The company's stock had a trading volume of 1,289,315 shares, compared to its average volume of 654,296. First Advantage Co. has a 52 week low of $12.55 and a 52 week high of $20.79. The firm has a market cap of $2.47 billion, a P/E ratio of 474.00 and a beta of 1.21. The firm has a 50 day moving average price of $16.80 and a 200 day moving average price of $18.19. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

About First Advantage

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.