Bamco Inc. NY Sells 9,023 Shares of Bright Horizons Family Solutions Inc. $BFAM

Bamco Inc. NY decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,241,174 shares of the company’s stock after selling 9,023 shares during the period. Bamco Inc. NY owned 2.18% of Bright Horizons Family Solutions worth $153,397,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Twin Tree Management LP purchased a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth $29,000. Geneos Wealth Management Inc. boosted its holdings in Bright Horizons Family Solutions by 98.8% in the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock worth $43,000 after acquiring an additional 167 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $53,000. GAMMA Investing LLC increased its holdings in shares of Bright Horizons Family Solutions by 18.3% during the second quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $69,000 after acquiring an additional 87 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Bright Horizons Family Solutions during the second quarter valued at about $70,000.

Insider Activity

In other 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 shares were 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 in the company, valued at approximately $2,870,245.48. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on BFAM shares. Robert W. Baird set a $136.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday. The Goldman Sachs Group dropped their price objective on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 31st. BMO Capital Markets reissued an “outperform” rating and set a $124.00 target price on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Finally, Morgan Stanley cut 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 analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.71.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $100.73 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $100.23 and a 200-day simple moving average of $111.84. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.35 and a beta of 1.41. Bright Horizons Family Solutions Inc. has a 12-month low of $91.49 and a 12-month high of $132.99.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.25. Bright Horizons Family Solutions had a return on equity of 17.07% and a net margin of 6.98%.The firm had revenue of $802.81 million for the quarter, compared to analyst estimates of $781.16 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 11.6% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. On average, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current 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.