AGF Management Ltd. Has $2.84 Million Stock Holdings in Bright Horizons Family Solutions Inc. $BFAM

AGF Management Ltd. grew its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,970 shares of the company’s stock after acquiring an additional 1,574 shares during the period. AGF Management Ltd.’s holdings in Bright Horizons Family Solutions were worth $2,839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BFAM. Larson Financial Group LLC grew its stake in Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Bright Horizons Family Solutions by 4.1% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company’s stock worth $267,000 after purchasing an additional 82 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 87 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Bright Horizons Family Solutions by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,500 shares of the company’s stock valued at $1,174,000 after buying an additional 118 shares in the last quarter. Finally, Accretive Wealth Partners LLC grew its stake in shares of Bright Horizons Family Solutions by 1.4% in the second quarter. Accretive Wealth Partners LLC now owns 8,498 shares of the company’s stock valued at $1,050,000 after buying an additional 118 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $99.08 on Tuesday. Bright Horizons Family Solutions Inc. has a 52 week low of $91.49 and a 52 week high of $132.99. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 32.49 and a beta of 1.36. The company has a 50-day simple moving average of $105.16 and a 200 day simple moving average of $115.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.25. The firm had revenue of $802.81 million for the quarter, compared to analysts’ expectations of $781.16 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

BFAM has been the topic of several analyst reports. Robert W. Baird set a $136.00 price target on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $124.00 target price on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price target on Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating on the stock in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.71.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on 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 approximately $2,870,245.48. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.21% of the company’s stock.

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.