Bright Horizons Family Solutions Inc. $BFAM Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 163.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,421 shares of the company’s stock after buying an additional 16,391 shares during the period. Assenagon Asset Management S.A.’s holdings in Bright Horizons Family Solutions were worth $3,265,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BFAM. Larson Financial Group LLC raised its position in shares of Bright Horizons Family Solutions by 62.2% during the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock worth $26,000 after purchasing an additional 79 shares during the period. Twin Tree Management LP bought a new position in Bright Horizons Family Solutions during the 1st quarter worth $29,000. Parallel Advisors LLC increased its position in Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock worth $41,000 after buying an additional 143 shares during the period. Global Financial Private Client LLC lifted its stake in Bright Horizons Family Solutions by 244.2% in the first quarter. Global Financial Private Client LLC now owns 327 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 98.8% during the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after acquiring an additional 167 shares during the period.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction 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 directly owned 28,449 shares in the company, valued at approximately $3,669,636.51. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Ann Tocio sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. This represents a 14.13% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,000 shares of company stock valued at $611,850. 1.21% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $107.62 on Thursday. The firm has a market capitalization of $6.12 billion, a PE ratio of 35.28 and a beta of 1.27. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $116.10 and a 200 day moving average price of $120.23. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.57.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on BFAM shares. Morgan Stanley dropped their price objective on shares of 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 shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and dropped their price target for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.