Nisa Investment Advisors LLC Trims Position in First Advantage Co. (NYSE:FA)

Nisa Investment Advisors LLC reduced its holdings in First Advantage Co. (NYSE:FA) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,453 shares of the company’s stock after selling 1,002 shares during the period. Nisa Investment Advisors LLC’s holdings in First Advantage were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sei Investments Co. boosted its stake in shares of First Advantage by 27.5% in the second quarter. Sei Investments Co. now owns 126,159 shares of the company’s stock worth $2,027,000 after buying an additional 27,237 shares during the last quarter. Marshall Wace LLP purchased a new stake in First Advantage in the 2nd quarter worth approximately $209,000. Quarry LP grew its stake in shares of First Advantage by 49.7% during the 2nd quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after purchasing an additional 865 shares during the period. Truist Financial Corp purchased a new position in shares of First Advantage during the 2nd quarter valued at approximately $234,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of First Advantage in the 3rd quarter valued at $676,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. William Blair restated an “outperform” rating on shares of First Advantage in a research report on Wednesday, December 11th. Barclays reaffirmed an “overweight” rating and issued a $22.00 price target on shares of First Advantage in a research note on Wednesday, November 20th. Finally, Needham & Company LLC restated a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.29.

First Advantage Stock Down 1.0 %

FA stock opened at $18.64 on Thursday. First Advantage Co. has a one year low of $14.01 and a one year high of $20.79. The firm has a market cap of $3.22 billion, a PE ratio of 621.33 and a beta of 1.17. The firm’s 50 day moving average price is $18.81 and its 200-day moving average price is $18.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85.

First Advantage (NYSE:FA) last posted its earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $199.10 million for the quarter, compared to analysts’ expectations of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. First Advantage’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. On average, equities research analysts anticipate that First Advantage Co. will post 0.74 EPS for the current 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.