New York State Common Retirement Fund Purchases 79,211 Shares of First Advantage Co. $FA

New York State Common Retirement Fund lifted its position in First Advantage Co. (NYSE:FA) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 548,611 shares of the company’s stock after buying an additional 79,211 shares during the period. New York State Common Retirement Fund owned about 0.32% of First Advantage worth $9,112,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings in First Advantage by 1,208.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,368 shares of the company’s stock worth $39,000 after acquiring an additional 2,187 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of First Advantage by 22.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,164 shares of the company’s stock worth $119,000 after purchasing an additional 1,328 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of First Advantage by 29.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,088 shares of the company’s stock worth $134,000 after purchasing an additional 1,821 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of First Advantage by 2,967.1% in the first quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company’s stock worth $130,000 after purchasing an additional 8,931 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of First Advantage during the second quarter valued at $167,000. Hedge funds and other institutional investors own 94.91% of the company’s stock.

Insider Transactions at First Advantage

In other First Advantage news, President Joelle M. Smith sold 9,900 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $15.70, for a total value of $155,430.00. Following the completion of the sale, the president owned 42,727 shares in the company, valued at $670,813.90. This represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

First Advantage Stock Down 0.2%

Shares of FA stock opened at $13.89 on Friday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a 12 month low of $11.95 and a 12 month high of $20.36. The stock has a market cap of $2.42 billion, a P/E ratio of 463.00 and a beta of 1.18. The company has a 50 day simple moving average of $13.92 and a two-hundred day simple moving average of $15.86.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The firm’s quarterly revenue was up 105.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. On average, research analysts expect that First Advantage Co. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a report on Thursday, August 21st. Zacks Research upgraded shares of First Advantage from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.25.

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.