First Advantage Co. (NYSE:FA) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in First Advantage Co. (NYSE:FA) by 337.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,584,054 shares of the company’s stock after purchasing an additional 2,764,534 shares during the quarter. American Century Companies Inc.’s holdings in First Advantage were worth $67,129,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC increased its holdings in First Advantage by 57.3% during the 3rd quarter. Barclays PLC now owns 81,669 shares of the company’s stock worth $1,621,000 after purchasing an additional 29,752 shares during the period. FMR LLC boosted its stake in shares of First Advantage by 50.8% in the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company’s stock valued at $111,161,000 after buying an additional 1,886,716 shares during the period. Truist Financial Corp grew its position in shares of 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. Geode Capital Management LLC increased its stake in shares of First Advantage by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock worth $25,692,000 after buying an additional 9,718 shares during the period. Finally, Cortland Associates Inc. MO acquired a new stake in First Advantage in the fourth quarter valued at approximately $24,328,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on FA shares. BMO Capital Markets dropped their price objective on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. Finally, Barclays cut their target price on First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.67.

First Advantage Stock Up 0.1 %

Shares of NYSE FA opened at $14.01 on Wednesday. The business 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 cap of $2.43 billion, a PE ratio of 467.00 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 Co. has a 52-week low of $12.55 and a 52-week high of $20.79.

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.