Sei Investments Co. Increases Holdings in First Advantage Co. (NYSE:FA)

Sei Investments Co. increased its stake in First Advantage Co. (NYSE:FA - Free Report) by 27.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,159 shares of the company's stock after purchasing an additional 27,237 shares during the period. Sei Investments Co. owned approximately 0.09% of First Advantage worth $2,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of First Advantage by 6.3% in the 1st quarter. Principal Financial Group Inc. now owns 24,336 shares of the company's stock worth $395,000 after acquiring an additional 1,447 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in First Advantage by 16.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company's stock worth $252,000 after purchasing an additional 2,163 shares during the last quarter. Bank of New York Mellon Corp boosted its position in First Advantage by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 258,265 shares of the company's stock valued at $4,150,000 after buying an additional 2,326 shares during the period. Victory Capital Management Inc. grew its stake in shares of First Advantage by 8.0% during the second quarter. Victory Capital Management Inc. now owns 36,261 shares of the company's stock valued at $583,000 after buying an additional 2,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of First Advantage by 38.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,948 shares of the company's stock worth $256,000 after buying an additional 4,414 shares during the period. 94.91% of the stock is owned by hedge funds and other institutional investors.

First Advantage Trading Up 0.4 %

Shares of First Advantage stock traded up $0.07 during midday trading on Friday, reaching $19.82. 190,701 shares of the company's stock traded hands, compared to its average volume of 424,799. The company has a market cap of $2.88 billion, a PE ratio of 90.09 and a beta of 1.16. The stock has a 50 day moving average of $18.60 and a 200-day moving average of $17.00. First Advantage Co. has a 12 month low of $12.46 and a 12 month high of $20.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31.

First Advantage (NYSE:FA - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The firm had revenue of $184.55 million during the quarter, compared to analysts' expectations of $184.66 million. During the same period last year, the company posted $0.24 EPS. The company's quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts expect that First Advantage Co. will post 0.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on FA. Citigroup lifted their price target on First Advantage from $19.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Truist Financial lowered their price target on shares of First Advantage from $250.00 to $249.00 and set a "buy" rating for the company in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $77.25.

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.