Bright Horizons Family Solutions Inc. $BFAM Shares Sold by US Bancorp DE

US Bancorp DE reduced its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,543 shares of the company’s stock after selling 1,580 shares during the quarter. US Bancorp DE’s holdings in Bright Horizons Family Solutions were worth $1,179,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. KLP Kapitalforvaltning AS lifted its holdings in shares of Bright Horizons Family Solutions by 17.0% during the second quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the company’s stock worth $1,446,000 after purchasing an additional 1,700 shares during the period. DAVENPORT & Co LLC increased its position in Bright Horizons Family Solutions by 11.9% during the second quarter. DAVENPORT & Co LLC now owns 2,631 shares of the company’s stock worth $325,000 after buying an additional 280 shares in the last quarter. Hilltop National Bank acquired a new position in Bright Horizons Family Solutions in the 2nd quarter valued at about $159,000. GAMMA Investing LLC raised its stake in Bright Horizons Family Solutions by 18.3% in the 2nd quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $69,000 after purchasing an additional 87 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in Bright Horizons Family Solutions by 24.3% in the 2nd quarter. Park Avenue Securities LLC now owns 5,925 shares of the company’s stock valued at $732,000 after purchasing an additional 1,160 shares during the last quarter.

Bright Horizons Family Solutions Trading Up 1.8%

Shares of NYSE BFAM opened at $100.60 on Friday. Bright Horizons Family Solutions Inc. has a one year low of $95.53 and a one year high of $135.77. The firm has a market capitalization of $5.72 billion, a PE ratio of 32.98 and a beta of 1.33. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $111.46 and a two-hundred day moving average price of $117.48.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. During the same period last year, the company posted $0.88 EPS. The business’s quarterly revenue 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, analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the firm’s 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 sale, the chief operating officer directly owned 26,449 shares of the company’s stock, valued at $2,870,245.48. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the sale, the director directly owned 18,233 shares of the company’s stock, valued at $2,189,783.30. This trade represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock valued at $597,810 over the last ninety days. Company insiders own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BFAM. Weiss Ratings reissued a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. UBS Group reduced their target price on Bright Horizons Family Solutions from $138.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Morgan Stanley reduced their target price on 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. Finally, Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $146.00 to $135.00 in a research note 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 given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

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.