Public Employees Retirement System of Ohio Cuts Stock Holdings in Bright Horizons Family Solutions Inc. $BFAM

Public Employees Retirement System of Ohio trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,018 shares of the company’s stock after selling 143 shares during the period. Public Employees Retirement System of Ohio’s holdings in Bright Horizons Family Solutions were worth $2,227,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Bright Horizons Family Solutions by 23.8% during the first 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 period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Bright Horizons Family Solutions by 3.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,200,371 shares of the company’s stock valued at $406,575,000 after buying an additional 95,860 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Bright Horizons Family Solutions by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company’s stock valued at $328,908,000 after buying an additional 29,425 shares during the period. Dimensional Fund Advisors LP boosted its position in Bright Horizons Family Solutions by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 878,059 shares of the company’s stock valued at $111,545,000 after buying an additional 66,230 shares during the period. Finally, AQR Capital Management LLC boosted its position in Bright Horizons Family Solutions by 20.7% during the first quarter. AQR Capital Management LLC now owns 753,233 shares of the company’s stock valued at $93,604,000 after buying an additional 129,403 shares during the period.

Insider Transactions at Bright Horizons Family Solutions

In related news, 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 value of $360,300.00. Following the completion of the transaction, the director directly owned 18,233 shares of the company’s stock, valued at $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total transaction of $108,520.00. Following the completion of the transaction, the chief operating officer directly owned 26,449 shares of the company’s stock, valued at approximately $2,870,245.48. The trade was a 3.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,000 shares of company stock valued at $597,810. 1.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating for the company in a research 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 target price for the stock 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.57.

Bright Horizons Family Solutions Trading Down 1.3%

NYSE BFAM opened at $106.61 on Friday. Bright Horizons Family Solutions Inc. has a fifty-two week low of $103.75 and a fifty-two week high of $139.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a 50 day simple moving average of $115.36 and a two-hundred day simple moving average of $119.52. The stock has a market cap of $6.06 billion, a P/E ratio of 34.95 and a beta of 1.33.

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

Bright Horizons Family Solutions Company 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.