Farther Finance Advisors LLC Trims Position in Bright Horizons Family Solutions Inc. $BFAM

Farther Finance Advisors LLC lessened its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 17.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 597 shares of the company’s stock after selling 129 shares during the quarter. Farther Finance Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $74,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of 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 acquiring an additional 845,391 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 3.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,200,371 shares of the company’s stock valued at $406,575,000 after acquiring an additional 95,860 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Bright Horizons Family Solutions by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company’s stock valued at $328,908,000 after acquiring an additional 29,425 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bright Horizons Family Solutions by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 878,059 shares of the company’s stock valued at $111,545,000 after acquiring an additional 66,230 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 753,233 shares of the company’s stock valued at $93,604,000 after acquiring an additional 129,403 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BFAM shares. Weiss Ratings restated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a report on Saturday, September 27th. Morgan Stanley reduced their target price 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. Finally, Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and reduced their target price 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 given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.57.

Insider Activity

In other news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total value of $108,520.00. Following the completion of the sale, the chief operating officer 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares of the company’s stock, valued at $2,189,783.30. The trade was a 14.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock valued at $597,810 in the last three months. Insiders own 1.21% of the company’s stock.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock opened at $106.29 on Monday. The firm’s fifty day moving average price is $115.19 and its 200 day moving average price is $119.27. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 34.85 and a beta of 1.33. Bright Horizons Family Solutions Inc. has a 12-month low of $103.75 and a 12-month high of $139.68. 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 released its earnings results 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. The company had revenue of $731.57 million during 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 company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal 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.