Bright Horizons Family Solutions Inc. $BFAM Stake Boosted 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 position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 14.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 577,755 shares of the company's stock after acquiring an additional 73,845 shares during the quarter. Ameriprise Financial Inc. owned 1.01% of Bright Horizons Family Solutions worth $73,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings 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 acquiring an additional 79 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC lifted its stake in shares of Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after purchasing an additional 232 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $50,000. Finally, GAMMA Investing LLC lifted its stake in shares of Bright Horizons Family Solutions by 72.7% during the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock worth $60,000 after purchasing an additional 200 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BFAM. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their target price for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley dropped their target price on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a research report on Monday, July 28th. One 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $134.57.

Insider Activity at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the transaction, the director directly owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $128.99, for a total value of $128,990.00. Following the transaction, the chief operating officer directly owned 28,449 shares of the company's stock, valued at $3,669,636.51. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,000 shares of company stock valued at $611,850 over the last ninety days. Corporate insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Stock Down 0.3%

Bright Horizons Family Solutions stock traded down $0.38 during midday trading on Friday, hitting $117.97. The stock had a trading volume of 503,781 shares, compared to its average volume of 678,960. 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 has a market cap of $6.71 billion, a P/E ratio of 38.68 and a beta of 1.34. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $141.90. The business has a fifty day moving average price of $118.45 and a 200 day moving average price of $122.06.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. The firm had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.Bright Horizons Family Solutions's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. 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.