Schroder Investment Management Group Purchases New Shares in First Advantage Co. (NYSE:FA)

Schroder Investment Management Group bought a new stake in First Advantage Co. (NYSE:FA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 101,947 shares of the company's stock, valued at approximately $1,904,000. Schroder Investment Management Group owned approximately 0.06% of First Advantage at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA bought a new stake in shares of First Advantage during the 4th quarter worth approximately $210,000. Brighton Jones LLC acquired a new position in First Advantage during the fourth quarter worth $257,000. Truist Financial Corp raised its position in First Advantage by 37.4% during the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after acquiring an additional 5,197 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in First Advantage by 17.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after acquiring an additional 2,938 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of First Advantage in the 4th quarter valued at about $375,000. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FA has been the topic of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. William Blair reissued an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a research report on Thursday, January 23rd. Finally, Barclays reissued an "equal weight" rating and set a $15.00 target price (down from $20.00) on shares of First Advantage in a report on Thursday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $65.80.

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First Advantage Stock Performance

FA stock traded up $0.88 during mid-day trading on Friday, hitting $14.71. 1,038,188 shares of the company were exchanged, compared to its average volume of 729,691. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79. The business has a 50 day simple moving average of $15.57 and a 200-day simple moving average of $17.70. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.55 billion, a PE ratio of 490.33 and a beta of 1.20.

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.