Victory Capital Management Inc. Has $583,000 Stock Holdings in First Advantage Co. (NYSE:FA)

Victory Capital Management Inc. increased its stake in First Advantage Co. (NYSE:FA) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,261 shares of the company’s stock after acquiring an additional 2,700 shares during the quarter. Victory Capital Management Inc.’s holdings in First Advantage were worth $583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in First Advantage by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 406,641 shares of the company’s stock worth $6,738,000 after purchasing an additional 8,958 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in First Advantage by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,660,820 shares of the company’s stock worth $44,090,000 after purchasing an additional 255,807 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of First Advantage by 16.3% during the 4th quarter. Principal Financial Group Inc. now owns 22,889 shares of the company’s stock valued at $379,000 after buying an additional 3,207 shares during the last quarter. Sunriver Management LLC lifted its position in shares of First Advantage by 26.4% during the 4th quarter. Sunriver Management LLC now owns 1,151,665 shares of the company’s stock valued at $19,083,000 after buying an additional 240,464 shares during the last quarter. Finally, Cat Rock Capital Management LP lifted its position in shares of First Advantage by 10.0% during the 4th quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock valued at $55,109,000 after buying an additional 303,000 shares during the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Truist Financial dropped their price objective on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

First Advantage Trading Down 0.3 %

NYSE FA opened at $19.76 on Monday. First Advantage Co. has a fifty-two week low of $12.46 and a fifty-two week high of $20.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31. The stock has a 50 day simple moving average of $18.00 and a two-hundred day simple moving average of $16.74. The stock has a market cap of $2.87 billion, a P/E ratio of 89.82, a price-to-earnings-growth ratio of 3.71 and a beta of 1.16.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The business had revenue of $184.55 million during the quarter, compared to analysts’ expectations of $184.66 million. During the same quarter last year, the business posted $0.24 EPS. The business’s revenue was down .4% on a year-over-year basis. On average, analysts forecast that First Advantage Co. will post 0.82 earnings per share for the current year.

Insiders Place Their Bets

In other First Advantage news, Director James Lindsey Clark sold 2,100 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $15.48, for a total value of $32,508.00. Following the completion of the sale, the director now owns 42,927 shares in the company, valued at approximately $664,509.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.30% of the company’s stock.

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.