First Advantage Co. (NYSE:FA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in First Advantage Co. (NYSE:FA) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,259 shares of the company’s stock after selling 4,333 shares during the period. Victory Capital Management Inc.’s holdings in First Advantage were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of First Advantage by 3,654.0% during the 3rd quarter. American Century Companies Inc. now owns 1,027,812 shares of the company’s stock valued at $14,174,000 after acquiring an additional 1,000,433 shares during the last quarter. Boston Partners increased its holdings in shares of First Advantage by 11.3% during the 3rd quarter. Boston Partners now owns 709,156 shares of the company’s stock worth $9,777,000 after buying an additional 72,057 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of First Advantage during the 3rd quarter valued at approximately $4,162,000. Bank of New York Mellon Corp lifted its holdings in First Advantage by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 270,122 shares of the company’s stock valued at $3,725,000 after acquiring an additional 2,735 shares during the last quarter. Finally, Herald Investment Management Ltd grew its position in First Advantage by 28.6% in the third quarter. Herald Investment Management Ltd now owns 225,000 shares of the company’s stock worth $3,098,000 after acquiring an additional 50,000 shares during the period. 94.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at First Advantage

In other First Advantage news, insider Joseph K. Jaeger sold 7,331 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $16.08, for a total transaction of $117,882.48. Following the completion of the transaction, the insider now owns 688,967 shares in the company, valued at approximately $11,078,589.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FA. William Blair started coverage on First Advantage in a research note on Tuesday, April 23rd. They issued an “outperform” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Monday, May 13th. Stifel Nicolaus upped their price objective on shares of First Advantage from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, Evercore ISI lifted their target price on shares of First Advantage from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, First Advantage presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

First Advantage Trading Down 0.3 %

NYSE FA opened at $16.48 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.29 and a current ratio of 4.29. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 74.91, a PEG ratio of 3.13 and a beta of 1.18. The firm has a 50 day simple moving average of $15.99 and a 200-day simple moving average of $15.96. First Advantage Co. has a one year low of $12.46 and a one year high of $17.49.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $169.40 million during the quarter, compared to analysts’ expectations of $167.91 million. First Advantage had a net margin of 4.28% and a return on equity of 14.12%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. Equities research analysts anticipate that First Advantage Co. will post 0.84 EPS for the current fiscal year.

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.