Amundi Lowers Holdings in Bright Horizons Family Solutions Inc. $BFAM

Amundi reduced its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 63.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,953 shares of the company’s stock after selling 24,690 shares during the period. Amundi’s holdings in Bright Horizons Family Solutions were worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BFAM. Mercer Global Advisors Inc. ADV increased its position in Bright Horizons Family Solutions by 28.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,512 shares of the company’s stock valued at $278,000 after buying an additional 561 shares in the last quarter. Bank of America Corp DE increased its position in Bright Horizons Family Solutions by 4.0% during the 4th quarter. Bank of America Corp DE now owns 112,078 shares of the company’s stock valued at $12,424,000 after buying an additional 4,264 shares in the last quarter. Captrust Financial Advisors increased its position in Bright Horizons Family Solutions by 22.5% during the 4th quarter. Captrust Financial Advisors now owns 8,481 shares of the company’s stock valued at $940,000 after buying an additional 1,560 shares in the last quarter. Cetera Investment Advisers increased its position in Bright Horizons Family Solutions by 7.2% during the 4th quarter. Cetera Investment Advisers now owns 5,426 shares of the company’s stock valued at $601,000 after buying an additional 366 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in Bright Horizons Family Solutions during the 4th quarter valued at about $6,758,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BFAM shares. Morgan Stanley cut their price objective on Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating on the stock in a report on Monday, July 28th. Jefferies Financial Group lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and cut their price objective for the company from $146.00 to $135.00 in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.57.

Insider Buying and Selling

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

Bright Horizons Family Solutions Stock Down 0.7%

Shares of BFAM opened at $113.34 on Friday. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 37.16 and a beta of 1.27. The stock’s 50-day moving average price is $117.18 and its 200-day moving average price is $121.29. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.80.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 15.12% and a net margin of 6.34%.Bright Horizons Family Solutions’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Bright Horizons Family Solutions Profile

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.