First Advantage Co. $FA Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in First Advantage Co. (NYSE:FA) by 13.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 114,574 shares of the company’s stock after buying an additional 13,774 shares during the quarter. Invesco Ltd. owned about 0.07% of First Advantage worth $1,614,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of First Advantage during the 4th quarter worth $71,695,000. Edgestream Partners L.P. purchased a new stake in shares of First Advantage in the 1st quarter worth about $5,774,000. Palisade Capital Management LP boosted its position in shares of First Advantage by 23.1% in the 1st quarter. Palisade Capital Management LP now owns 1,562,809 shares of the company’s stock worth $22,020,000 after buying an additional 293,044 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of First Advantage in the 1st quarter worth about $2,461,000. Finally, Fred Alger Management LLC boosted its position in shares of First Advantage by 14.8% in the 4th quarter. Fred Alger Management LLC now owns 1,167,486 shares of the company’s stock worth $21,867,000 after buying an additional 150,258 shares in the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on FA. Royal Bank Of Canada lowered shares of First Advantage from an “outperform” rating to a “sector perform” rating and set a $20.00 price objective on the stock. in a research report on Friday, May 9th. Barclays boosted their price objective on shares of First Advantage from $15.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, First Advantage has a consensus rating of “Hold” and a consensus target price of $20.25.

First Advantage Price Performance

NYSE:FA opened at $16.36 on Monday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 545.33 and a beta of 1.24. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average is $16.99 and its two-hundred day moving average is $16.19. First Advantage Co. has a 12-month low of $12.32 and a 12-month high of $20.79.

First Advantage (NYSE:FA) last released its earnings results on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The business’s revenue was up 111.7% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. Research analysts expect that First Advantage Co. will post 0.74 EPS for the current year.

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.