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

Sei Investments Co. grew its stake in shares of First Advantage Co. (NYSE:FA) by 35.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 255,700 shares of the company’s stock after buying an additional 67,450 shares during the period. Sei Investments Co. owned 0.15% of First Advantage worth $4,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. grew its position in First Advantage by 337.3% during the fourth quarter. American Century Companies Inc. now owns 3,584,054 shares of the company’s stock valued at $67,129,000 after acquiring an additional 2,764,534 shares during the period. Teacher Retirement System of Texas purchased a new position in First Advantage in the fourth quarter valued at approximately $1,634,000. Boston Partners lifted its position in First Advantage by 2.3% during the fourth quarter. Boston Partners now owns 2,205,291 shares of the company’s stock valued at $41,253,000 after buying an additional 50,240 shares in the last quarter. Intech Investment Management LLC grew its stake in First Advantage by 156.7% during the fourth quarter. Intech Investment Management LLC now owns 32,387 shares of the company’s stock worth $607,000 after buying an additional 19,770 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of First Advantage by 35.4% in the fourth quarter. Natixis Advisors LLC now owns 20,353 shares of the company’s stock worth $381,000 after acquiring an additional 5,317 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. William Blair reaffirmed 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 target price on shares of First Advantage in a research report on Thursday, January 23rd. Barclays dropped their target price on First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, 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 report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, First Advantage has an average rating of “Moderate Buy” and an average price target of $66.80.

First Advantage Price Performance

Shares of NYSE FA opened at $14.43 on Wednesday. The business has a 50 day moving average price of $16.52 and a two-hundred day moving average price of $18.07. First Advantage Co. has a fifty-two week low of $12.55 and a fifty-two week high of $20.79. The firm has a market cap of $2.50 billion, a PE ratio of 481.00 and a beta of 1.21. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

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.