Strs Ohio Buys Shares of 9,791 Bright Horizons Family Solutions Inc. $BFAM

Strs Ohio bought a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,791 shares of the company’s stock, valued at approximately $1,244,000.

A number of other hedge funds have also added to or reduced their stakes in BFAM. JPMorgan Chase & Co. raised its stake in Bright Horizons Family Solutions by 23.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company’s stock valued at $557,959,000 after buying an additional 845,391 shares during the last quarter. Premier Fund Managers Ltd purchased a new stake in Bright Horizons Family Solutions during the 1st quarter valued at $50,653,000. Goldman Sachs Group Inc. raised its stake in Bright Horizons Family Solutions by 149.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company’s stock valued at $78,040,000 after buying an additional 367,711 shares during the last quarter. Nuveen LLC purchased a new stake in Bright Horizons Family Solutions during the 1st quarter valued at $30,151,000. Finally, Burgundy Asset Management Ltd. purchased a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $17,265,000.

Bright Horizons Family Solutions Stock Down 1.1%

Shares of NYSE:BFAM opened at $109.22 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $141.57. The company has a 50-day moving average price of $116.72 and a 200 day moving average price of $120.90. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 35.81 and a beta of 1.27.

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

Insider Transactions at Bright Horizons Family Solutions

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

Analyst Ratings Changes

A number of brokerages have weighed in on BFAM. Morgan Stanley decreased 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 research note on Monday, July 28th. Jefferies Financial Group lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.57.

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.