Northern Trust Corp Acquires 13,008 Shares of Bright Horizons Family Solutions Inc. $BFAM

Northern Trust Corp raised its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,078 shares of the company’s stock after purchasing an additional 13,008 shares during the quarter. Northern Trust Corp owned 0.57% of Bright Horizons Family Solutions worth $41,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its position in Bright Horizons Family Solutions by 62.2% during the first quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares during the last quarter. Parallel Advisors LLC lifted its position in Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock valued at $41,000 after purchasing an additional 143 shares during the last quarter. Global Financial Private Client LLC lifted its position in Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. HM Payson & Co. bought a new position in Bright Horizons Family Solutions during the first quarter valued at $50,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after acquiring an additional 200 shares during the last quarter.

Bright Horizons Family Solutions Trading Down 1.0%

BFAM stock opened at $118.30 on Friday. The company has a market capitalization of $6.73 billion, a PE ratio of 38.79 and a beta of 1.34. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $141.90. The firm’s 50-day moving average is $118.53 and its 200 day moving average is $122.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The company had revenue of $731.57 million for the quarter, compared to the consensus estimate of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

BFAM has been the subject of several analyst reports. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and lowered their target price for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley lowered their target price on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.75.

Insider Activity

In related news, Director Mary Ann Tocio sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total value of $360,300.00. Following the transaction, the director owned 18,233 shares of the company’s stock, valued at $2,189,783.30. This trade represents a 14.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction of $128,990.00. Following the completion of the transaction, the chief operating officer directly owned 28,449 shares in the company, valued at $3,669,636.51. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock worth $611,850 in the last ninety days. 1.21% of the stock is currently owned by insiders.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.