Teacher Retirement System of Texas Cuts Stake in First Advantage Co. $FA

Teacher Retirement System of Texas lessened its stake in First Advantage Co. (NYSE:FA) by 66.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,862 shares of the company’s stock after selling 23,765 shares during the quarter. Teacher Retirement System of Texas’ holdings in First Advantage were worth $197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in First Advantage by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock valued at $501,000 after acquiring an additional 1,471 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of First Advantage by 6.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,425 shares of the company’s stock valued at $439,000 after purchasing an additional 1,614 shares during the last quarter. Signaturefd LLC purchased a new position in shares of First Advantage during the first quarter valued at about $30,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of First Advantage by 1,208.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,368 shares of the company’s stock worth $39,000 after purchasing an additional 2,187 shares during the last quarter. Finally, CenterBook Partners LP increased its holdings in shares of First Advantage by 2.3% in the first quarter. CenterBook Partners LP now owns 199,728 shares of the company’s stock worth $2,814,000 after purchasing an additional 4,404 shares during the last quarter. Institutional investors own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FA. Zacks Research cut First Advantage from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. reduced their price target 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Advantage presently has an average rating of “Hold” and an average price target of $19.25.

Insider Activity

In related news, President Joelle M. Smith sold 9,900 shares of First Advantage stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total transaction of $155,430.00. Following the completion of the transaction, the president directly owned 42,727 shares of the company’s stock, valued at approximately $670,813.90. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.90% of the company’s stock.

First Advantage Price Performance

Shares of First Advantage stock opened at $13.35 on Thursday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 445.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock has a 50 day moving average price of $14.62 and a 200-day moving average price of $16.17. First Advantage Co. has a one year low of $12.25 and a one year high of $20.36.

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