Assenagon Asset Management S.A. Buys 133,119 Shares of Bright Horizons Family Solutions Inc. $BFAM

Assenagon Asset Management S.A. raised its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 503.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,540 shares of the company’s stock after purchasing an additional 133,119 shares during the period. Assenagon Asset Management S.A. owned 0.28% of Bright Horizons Family Solutions worth $17,321,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Graphene Investments SAS lifted its position in Bright Horizons Family Solutions by 21.3% during the 3rd quarter. Graphene Investments SAS now owns 29,600 shares of the company’s stock worth $3,214,000 after acquiring an additional 5,200 shares during the last quarter. Oak Thistle LLC increased its stake in shares of Bright Horizons Family Solutions by 40.5% in the third quarter. Oak Thistle LLC now owns 16,876 shares of the company’s stock worth $1,832,000 after purchasing an additional 4,862 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Bright Horizons Family Solutions by 84.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 24,623 shares of the company’s stock worth $3,043,000 after purchasing an additional 11,269 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Bright Horizons Family Solutions by 5.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 17,413 shares of the company’s stock valued at $2,156,000 after purchasing an additional 897 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Bright Horizons Family Solutions by 206.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 883 shares of the company’s stock valued at $109,000 after buying an additional 595 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $101.68 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $5.75 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 1.42 and a beta of 1.41. Bright Horizons Family Solutions Inc. has a one year low of $91.49 and a one year high of $132.99. The business has a 50 day simple moving average of $100.68 and a 200 day simple moving average of $110.95.

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

Analyst Upgrades and Downgrades

BFAM has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating on the stock in a research report on Wednesday. UBS Group boosted their target price on shares of Bright Horizons Family Solutions from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Zacks Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. The Goldman Sachs Group decreased their price target on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.29.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction 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 sale, the chief operating officer owned 26,449 shares in the company, valued at approximately $2,870,245.48. This represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.21% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.