Landscape Capital Management L.L.C. Takes Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Landscape Capital Management L.L.C. acquired 59,079 shares of Bright Horizons Family Solutions Inc. for approximately $7.5 million, making it the firm's 18th largest holding.
• Bright Horizons Family Solutions reported a quarterly earnings per share (EPS) of $1.07, surpassing analysts' estimates of $1.00, alongside a 9.2% revenue increase year-over-year.
• Various institutional investors have significantly increased their stakes in Bright Horizons, with notable increases from Larson Financial Group LLC (62.2%), Parallel Advisors LLC (79.9%), and Global Financial Private Client LLC (244.2%) in the first quarter of 2023.

Landscape Capital Management L.L.C. purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,079 shares of the company's stock, valued at approximately $7,505,000. Bright Horizons Family Solutions makes up 0.7% of Landscape Capital Management L.L.C.'s holdings, making the stock its 18th biggest position. Landscape Capital Management L.L.C. owned 0.10% of Bright Horizons Family Solutions at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Bright Horizons Family Solutions by 23.8% in the first quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock valued at $557,959,000 after buying an additional 845,391 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 3.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,200,371 shares of the company's stock valued at $406,575,000 after buying an additional 95,860 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Bright Horizons Family Solutions by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company's stock valued at $328,908,000 after buying an additional 29,425 shares in the last quarter. Bamco Inc. NY increased its position in shares of Bright Horizons Family Solutions by 4.7% in the fourth quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock valued at $172,846,000 after buying an additional 69,940 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Bright Horizons Family Solutions by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 878,059 shares of the company's stock valued at $111,545,000 after buying an additional 66,230 shares in the last quarter.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock traded down $2.83 during midday trading on Tuesday, reaching $115.21. 130,275 shares of the company were exchanged, compared to its average volume of 496,898. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 37.77 and a beta of 1.27. The firm's 50-day simple moving average is $118.35 and its 200-day simple moving average is $122.00. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. 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 - Get Free Report) last posted 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. The firm had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price target for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $134.57.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions 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 completion of the sale, the director owned 18,233 shares in the company, valued at $2,189,783.30. The trade was a 14.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $128.99, for a total value of $128,990.00. Following the completion of the sale, the chief operating officer owned 28,449 shares of the company's stock, valued at $3,669,636.51. This trade represents a 3.40% 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 $611,850 in the last 90 days. 1.21% of the stock is owned by company insiders.

About Bright Horizons Family Solutions

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.