Teacher Retirement System of Texas Purchases Shares of 87,230 First Advantage Co. (NYSE:FA)

Teacher Retirement System of Texas acquired a new position in First Advantage Co. (NYSE:FA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 87,230 shares of the company’s stock, valued at approximately $1,634,000.

Several other large investors have also made changes to their positions in FA. FMR LLC grew its position in First Advantage by 50.8% in the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company’s stock worth $111,161,000 after purchasing an additional 1,886,716 shares during the last quarter. Cortland Associates Inc. MO acquired a new stake in First Advantage during the fourth quarter worth about $24,328,000. Mutual of America Capital Management LLC acquired a new position in First Advantage in the 4th quarter valued at approximately $20,205,000. Fred Alger Management LLC lifted its position in shares of First Advantage by 26.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,017,228 shares of the company’s stock worth $20,192,000 after acquiring an additional 214,134 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of First Advantage by 29.5% during the 4th quarter. Jennison Associates LLC now owns 432,387 shares of the company’s stock worth $8,099,000 after purchasing an additional 98,500 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Stock Up 0.1 %

Shares of NYSE:FA opened at $14.22 on Friday. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.47 billion, a P/E ratio of 474.00 and a beta of 1.21. First Advantage Co. has a 12 month low of $12.55 and a 12 month high of $20.79. The company’s 50-day moving average price is $16.80 and its two-hundred day moving average price is $18.19.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets reduced their target price on First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. Barclays cut their price objective on First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, William Blair reiterated an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.80.

About First Advantage

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.