Bright Horizons Family Solutions Inc. $BFAM Shares Sold by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC reduced its stake in Bright Horizons Family Solutions Inc. by 34.6%, selling 764,976 shares, leaving it with approximately 1.45 million shares valued at $178.7 million.
• The company's stock price rose by 1.8% to $100.60, with a market capitalization of $5.72 billion and a P/E ratio of 32.98.
• Bright Horizons reported a quarterly earnings per share of $1.07, exceeding analysts' expectations, and has set its FY 2025 guidance at $4.150 - $4.250 EPS.

William Blair Investment Management LLC trimmed its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 34.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,446,121 shares of the company's stock after selling 764,976 shares during the quarter. William Blair Investment Management LLC owned about 2.53% of Bright Horizons Family Solutions worth $178,726,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BFAM. Larson Financial Group LLC raised its position in 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 buying an additional 79 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of 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 during the period. GAMMA Investing LLC raised its holdings in shares of Bright Horizons Family Solutions by 18.3% during the second quarter. GAMMA Investing LLC now owns 562 shares of the company's stock worth $69,000 after purchasing an additional 87 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Bright Horizons Family Solutions by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,500 shares of the company's stock valued at $1,174,000 after purchasing an additional 118 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Bright Horizons Family Solutions by 98.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock valued at $43,000 after buying an additional 167 shares during the last quarter.

Bright Horizons Family Solutions Stock Up 1.8%

BFAM stock opened at $100.60 on Friday. Bright Horizons Family Solutions Inc. has a 52 week low of $95.53 and a 52 week high of $135.77. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. The firm has a 50-day simple moving average of $111.46 and a 200-day simple moving average of $117.48. The stock has a market capitalization of $5.72 billion, a P/E ratio of 32.98 and a beta of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The firm had revenue of $731.57 million for the quarter, compared to analyst estimates of $724.32 million. During the same period last year, the company posted $0.88 EPS. Bright Horizons Family Solutions'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. Equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BFAM has been the topic of several analyst reports. Jefferies Financial Group lowered 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. UBS Group lowered their price objective on Bright Horizons Family Solutions from $138.00 to $112.00 and set a "neutral" rating on the stock in a research report on Thursday, October 9th. Morgan Stanley cut their target price on shares of 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. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $132.00.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total value of $108,520.00. Following the transaction, the chief operating officer owned 26,449 shares in the company, valued at approximately $2,870,245.48. This trade represents a 3.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the sale, the director directly 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 sold 5,000 shares of company stock worth $597,810 over the last ninety days. Corporate 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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