Voya Investment Management LLC Increases Stock Position in First Advantage Co. (NYSE:FA)

Voya Investment Management LLC increased its position in shares of First Advantage Co. (NYSE:FA) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 141,144 shares of the company’s stock after purchasing an additional 12,774 shares during the quarter. Voya Investment Management LLC owned approximately 0.08% of First Advantage worth $2,644,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its stake in shares of First Advantage by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock worth $117,000 after buying an additional 832 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in First Advantage by 1,219.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock valued at $198,000 after purchasing an additional 9,755 shares during the period. Pictet Asset Management Holding SA purchased a new stake in shares of First Advantage during the 4th quarter valued at $210,000. Brighton Jones LLC bought a new stake in shares of First Advantage during the 4th quarter worth $257,000. Finally, Truist Financial Corp boosted its holdings in shares of First Advantage by 37.4% in the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock worth $358,000 after buying an additional 5,197 shares during the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Price Performance

First Advantage stock opened at $14.98 on Friday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 499.33 and a beta of 1.20. First Advantage Co. has a one year low of $12.32 and a one year high of $20.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The business has a fifty day moving average price of $14.01 and a 200-day moving average price of $17.12.

Analyst Upgrades and Downgrades

FA has been the subject of a number of research analyst reports. William Blair restated an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. BMO Capital Markets lowered their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Finally, Barclays restated an “equal weight” rating and issued a $15.00 target price (down from $20.00) on shares of First Advantage in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, First Advantage presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.80.

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.