Needham Investment Management LLC Has $13.66 Million Stock Holdings in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Needham Investment Management LLC reduced its stake in Bright Horizons Family Solutions Inc. by 4.0%, selling 4,500 shares, leading to a total of 107,500 shares owned.
• Bright Horizons reported earnings of $1.07 per share for the last quarter, exceeding expectations of $1.00, with revenue increasing by 9.2% year-over-year to $731.57 million.
• Several analysts have downgraded the stock's price targets, with Jefferies lowering theirs from $146 to $135, while the consensus rating remains a "Moderate Buy" with an average target price of $134.57.

Needham Investment Management LLC lessened its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,500 shares of the company's stock after selling 4,500 shares during the quarter. Bright Horizons Family Solutions makes up about 1.3% of Needham Investment Management LLC's investment portfolio, making the stock its 27th largest holding. Needham Investment Management LLC owned about 0.19% of Bright Horizons Family Solutions worth $13,657,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC lifted 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 purchasing an additional 79 shares during the period. Twin Tree Management LP purchased a new stake in Bright Horizons Family Solutions during the first quarter valued at about $29,000. Parallel Advisors LLC lifted its stake in Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after buying an additional 143 shares in the last quarter. Global Financial Private Client LLC lifted its position in shares of Bright Horizons Family Solutions by 244.2% in 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. Finally, HM Payson & Co. purchased a new stake in shares of Bright Horizons Family Solutions in the first quarter worth approximately $50,000.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock traded down $1.16 during trading on Tuesday, reaching $115.29. The company's stock had a trading volume of 430,306 shares, compared to its average volume of 480,940. The stock has a 50-day moving average price of $117.64 and a two-hundred day moving average price of $121.53. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. Bright Horizons Family Solutions Inc. has a one year low of $103.75 and a one year high of $141.80. The stock has a market capitalization of $6.56 billion, a P/E ratio of 37.80 and a beta of 1.27.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released 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 business had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business 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, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity

In other news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction that occurred 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 sale, the chief operating officer owned 28,449 shares in the company, valued at $3,669,636.51. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mary Ann Tocio sold 3,000 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock valued at $611,850 over the last 90 days. Corporate insiders own 1.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BFAM shares. Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price target for the company 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, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.