Amundi Decreases Stake in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Amundi has significantly reduced its holdings in Bright Horizons Family Solutions Inc. by 63.9%, now owning 13,953 shares valued at approximately $1.68 million.
• Wall Street analysts have mixed forecasts for BFAM stock, with a consensus rating of "Moderate Buy" and a target price of $134.57, despite some analysts cutting their price objectives.
• Insider trading activity at Bright Horizons includes COO Mary Lou Burke and Director Mary Ann Tocio selling shares, reducing their ownership by 3.40% and 14.13%, respectively.

Amundi lessened its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 63.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,953 shares of the company's stock after selling 24,690 shares during the period. Amundi's holdings in Bright Horizons Family Solutions were worth $1,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Bright Horizons Family Solutions by 62.2% during the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after acquiring an additional 79 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth about $29,000. Parallel Advisors LLC raised 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 worth $41,000 after acquiring an additional 143 shares in the last quarter. Global Financial Private Client LLC raised its position in shares of Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after acquiring an additional 232 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in Bright Horizons Family Solutions during the 1st quarter worth approximately $50,000.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock traded up $1.70 during midday trading on Thursday, hitting $110.93. The company had a trading volume of 1,066,214 shares, compared to its average volume of 555,823. The company's 50 day simple moving average is $116.61 and its 200 day simple moving average is $120.78. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.57. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 36.37 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results 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. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The company had revenue of $731.57 million for the quarter, compared to the consensus estimate of $724.32 million. During the same period last year, the business posted $0.88 EPS. 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 anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $128.99, for a total value of $128,990.00. Following the sale, the chief operating officer directly owned 28,449 shares in the company, valued at $3,669,636.51. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred 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 completion of the sale, the director owned 18,233 shares in the company, valued at approximately $2,189,783.30. This trade represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock worth $611,850 over the last quarter. Company insiders own 1.21% of the company's stock.

Analysts Set New Price Targets

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

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.