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American Century Companies Inc. Trims Position in Bright Horizons Family Solutions Inc. $BFAM

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American Century Companies Inc. cut its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 700,145 shares of the company's stock after selling 11,600 shares during the quarter. American Century Companies Inc. owned about 1.22% of Bright Horizons Family Solutions worth $88,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions 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 worth $26,000 after acquiring an additional 79 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in Bright Horizons Family Solutions by 4.1% in the first quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company's stock worth $267,000 after acquiring an additional 82 shares in the last quarter. Bank of Montreal Can boosted its holdings in Bright Horizons Family Solutions by 3.6% in the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock worth $323,000 after acquiring an additional 101 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Bright Horizons Family Solutions by 79.9% in the first 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. Finally, Fifth Third Bancorp boosted its holdings in Bright Horizons Family Solutions by 6.5% in the first quarter. Fifth Third Bancorp now owns 3,238 shares of the company's stock worth $411,000 after acquiring an additional 198 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on BFAM. 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 report on Monday, July 28th. Jefferies Financial Group downgraded 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 report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $137.75.

Get Our Latest Research Report on BFAM

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $0.1940 during midday trading on Thursday, reaching $122.2760. 675,675 shares of the company's stock traded hands, compared to its average volume of 500,138. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 40.09 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions Inc. has a one year low of $103.75 and a one year high of $141.90. The stock has a 50 day moving average of $118.82 and a 200 day moving average of $122.07.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The firm had revenue of $731.57 million for the quarter, compared to the consensus estimate of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the completion of the sale, the chief financial officer owned 80,162 shares in the company, valued at approximately $10,594,209.92. This represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 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 sale, the chief operating officer owned 28,449 shares of the company's stock, valued at approximately $3,669,636.51. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,282 shares of company stock worth $2,212,923 in the last three months. 1.21% of the stock is owned by insiders.

About Bright Horizons Family Solutions

(Free Report)

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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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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