Bright Horizons Family Solutions Inc. $BFAM Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Bright Horizons Family Solutions Inc. by 14.7%, acquiring an additional 73,845 shares to a total of 577,755 shares, valued at approximately $73.4 million.
• Bright Horizons reported earnings of $1.07 per share for the last quarter, surpassing analysts' expectations, alongside a significant 9.2% year-over-year revenue growth to $731.57 million.
• Analysts have issued mixed ratings for Bright Horizons, with a consensus rating of "Moderate Buy", but recent downgrades from Jefferies and Morgan Stanley have lowered price targets considerably.

Ameriprise Financial Inc. boosted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 577,755 shares of the company's stock after acquiring an additional 73,845 shares during the period. Ameriprise Financial Inc. owned about 1.01% of Bright Horizons Family Solutions worth $73,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BFAM. Barclays PLC grew its holdings in Bright Horizons Family Solutions by 57.5% during the 4th quarter. Barclays PLC now owns 30,272 shares of the company's stock worth $3,355,000 after acquiring an additional 11,057 shares in the last quarter. Mariner LLC raised its holdings in Bright Horizons Family Solutions by 9.0% in the fourth quarter. Mariner LLC now owns 7,446 shares of the company's stock worth $825,000 after purchasing an additional 612 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Bright Horizons Family Solutions by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 811,829 shares of the company's stock worth $89,991,000 after purchasing an additional 53,310 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Bright Horizons Family Solutions by 926.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock worth $157,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Bright Horizons Family Solutions by 195.5% in the fourth quarter. Hsbc Holdings PLC now owns 20,419 shares of the company's stock worth $2,255,000 after purchasing an additional 13,509 shares in the last quarter.

Insider Activity

In other news, 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 completion of the transaction, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. This trade represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.99, for a total value of $128,990.00. Following the completion of the transaction, the chief operating officer owned 28,449 shares of the company's stock, valued at approximately $3,669,636.51. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,000 shares of company stock valued at $611,850. Company insiders own 1.21% of the company's stock.

Analysts Set New Price Targets

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

Bright Horizons Family Solutions Stock Down 0.3%

Shares of BFAM stock traded down $0.38 during trading hours on Monday, reaching $117.97. 503,781 shares of the company's stock were exchanged, compared to its average volume of 623,107. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. The stock has a market cap of $6.71 billion, a PE ratio of 38.68 and a beta of 1.27. 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 stock's fifty day moving average price is $118.35 and its two-hundred day moving average price is $122.00.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share 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 business had revenue of $731.57 million for the quarter, compared to analyst estimates of $724.32 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The company's revenue was up 9.2% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Bright Horizons Family Solutions Company 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.