AMI Asset Management Corp Sells 3,452 Shares of Bright Horizons Family Solutions Inc. $BFAM

Key Points

• AMI Asset Management Corp reduced its holdings in Bright Horizons Family Solutions Inc. by 44.7% during the 2nd quarter, selling 3,452 shares and owning 4,278 shares valued at $529,000.
• Bright Horizons reported a quarterly earnings per share of $1.07, exceeding analysts' expectations of $1.00, with a revenue of $731.57 million for the quarter.
• Analyst ratings for the stock vary, with an average rating of "Moderate Buy" and a consensus price target of $134.57, despite some recent downgrades from firms like Morgan Stanley and Jefferies Financial Group.

AMI Asset Management Corp lowered its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 44.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,278 shares of the company's stock after selling 3,452 shares during the quarter. AMI Asset Management Corp's holdings in Bright Horizons Family Solutions were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BFAM. Larson Financial Group LLC grew its position in Bright Horizons Family Solutions by 62.2% during the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock valued at $26,000 after buying an additional 79 shares during the period. Twin Tree Management LP bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at $29,000. Parallel Advisors LLC grew its position in shares of Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock worth $43,000 after purchasing an additional 167 shares in the last quarter. Finally, HM Payson & Co. bought a new position in Bright Horizons Family Solutions in the 1st quarter worth $50,000.

Bright Horizons Family Solutions Trading Down 0.5%

Shares of BFAM stock opened at $108.00 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a fifty day simple moving average of $115.49 and a two-hundred day simple moving average of $119.68. The firm has a market capitalization of $6.14 billion, a PE ratio of 35.41 and a beta of 1.33. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $139.68.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The business's quarterly revenue was up 9.2% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BFAM has been the subject of several recent research reports. Morgan Stanley cut their price target on 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 cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price objective for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. 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 given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $134.57.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total value of $360,300.00. Following the sale, the director directly owned 18,233 shares in the company, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction of $128,990.00. Following the completion of the sale, the chief operating officer owned 28,449 shares in the company, valued at approximately $3,669,636.51. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.21% of the company's stock.

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.

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