American Century Companies Inc. Raises Position in First Advantage Co. (NYSE:FA)

American Century Companies Inc. boosted its position in shares of First Advantage Co. (NYSE:FA) by 337.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,584,054 shares of the company’s stock after buying an additional 2,764,534 shares during the period. American Century Companies Inc. owned 2.08% of First Advantage worth $67,129,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FA. Intech Investment Management LLC purchased a new position in First Advantage in the 3rd quarter worth approximately $250,000. Brighton Jones LLC acquired a new stake in shares of First Advantage in the fourth quarter valued at approximately $257,000. Natixis Advisors LLC purchased a new position in First Advantage during the third quarter worth approximately $298,000. Truist Financial Corp lifted 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 buying an additional 5,197 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in First Advantage by 17.6% in 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 in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Stock Performance

NYSE:FA opened at $14.01 on Wednesday. First Advantage Co. has a fifty-two week low of $12.55 and a fifty-two week high of $20.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The company has a 50 day moving average price of $16.95 and a 200 day moving average price of $18.25. The stock has a market capitalization of $2.43 billion, a P/E ratio of 467.00 and a beta of 1.21.

Wall Street Analyst Weigh In

Several research firms have recently commented on FA. William Blair reiterated an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Barclays decreased their target price on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. BMO Capital Markets cut their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.67.

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.