Amundi Reduces Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Amundi cut its Bright Horizons stake by 91.2% in the second quarter, selling 128,606 shares and retaining 12,455 shares valued at approximately $883,000. Several other institutional investors increased their positions.
• Company insiders sold 8,900 shares worth $656,584 over the past 90 days, including sales by Director Mary Tocio and COO Mary Burke.
• Bright Horizons exceeded quarterly earnings and revenue expectations, reporting $1.28 in EPS and $779.18 million in revenue. Despite this, analysts maintain a consensus “Hold” rating with a $95.88 price target, while the stock recently traded at $66.81.

Amundi decreased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 91.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,455 shares of the company's stock after selling 128,606 shares during the quarter. Amundi's holdings in Bright Horizons Family Solutions were worth $883,000 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. IFP Advisors Inc increased its position in shares of Bright Horizons Family Solutions by 14.5% in the 4th quarter. IFP Advisors Inc now owns 1,729 shares of the company's stock valued at $175,000 after acquiring an additional 219 shares during the period. Allworth Financial LP lifted its position in Bright Horizons Family Solutions by 30.9% during the 4th quarter. Allworth Financial LP now owns 978 shares of the company's stock worth $99,000 after acquiring an additional 231 shares during the period. Stephens Inc. AR grew its stake in Bright Horizons Family Solutions by 10.2% during the 1st quarter. Stephens Inc. AR now owns 2,805 shares of the company's stock valued at $230,000 after purchasing an additional 259 shares during the last quarter. Covestor Ltd grew its stake in Bright Horizons Family Solutions by 50.8% during the 4th quarter. Covestor Ltd now owns 843 shares of the company's stock valued at $86,000 after purchasing an additional 284 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Bright Horizons Family Solutions by 25.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,715 shares of the company's stock valued at $141,000 after purchasing an additional 353 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Mary Tocio sold 6,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $72.65, for a total transaction of $435,900.00. Following the sale, the director directly owned 14,329 shares of the company's stock, valued at $1,041,001.85. This represents a 29.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mary Burke sold 1,200 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $75.00, for a total value of $90,000.00. Following the sale, the chief operating officer owned 30,945 shares in the company, valued at $2,320,875. This trade represents a 3.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,900 shares of company stock valued at $656,584 in the last ninety days. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on Bright Horizons Family Solutions from $87.00 to $88.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Morgan Stanley cut their price target on shares of Bright Horizons Family Solutions from $70.00 to $68.00 and set an "underweight" rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Bright Horizons Family Solutions in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $95.88.

Bright Horizons Family Solutions Stock Up 2.6%

Bright Horizons Family Solutions stock opened at $66.81 on Tuesday. The business's 50-day moving average price is $73.41 and its 200 day moving average price is $73.52. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.14. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. Bright Horizons Family Solutions Inc. has a 52 week low of $57.63 and a 52 week high of $113.88.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.20 by $0.08. The business had revenue of $779.18 million for the quarter, compared to analyst estimates of $774.84 million. Bright Horizons Family Solutions had a return on equity of 20.09% and a net margin of 5.78%.The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. Bright Horizons Family Solutions has set its FY 2026 guidance at 5.050-5.150 EPS. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 4.7 earnings per share for the current year.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides employer-sponsored child care and workforce-support services. The company operates early education and preschool centers, offering full-day care and educational programs for infants, toddlers, preschoolers and school-age children. It also provides back-up care services, including center-based and in-home care, to help employees manage disruptions in their regular care arrangements.

In addition to child care, Bright Horizons offers educational advisory services, college and university admissions counseling, and other family-support programs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.