Bright Horizons Family Solutions Inc. $BFAM Stock Holdings Increased by Conestoga Capital Advisors LLC

Key Points

• Conestoga Capital Advisors LLC increased its stake in Bright Horizons Family Solutions by 171.0% during the second quarter, owning approximately 1.50% of the company valued at around $106 million.
• Recent insider transactions included Director Mary Ann Tocio selling 3,000 shares for $360,300, representing a 14.13% decrease in ownership.
• Bright Horizons Family Solutions reported a 9.2% year-over-year revenue growth for the recent quarter, with earnings per share beating analysts' expectations.

Conestoga Capital Advisors LLC lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 171.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 858,010 shares of the company's stock after acquiring an additional 541,440 shares during the period. Conestoga Capital Advisors LLC owned approximately 1.50% of Bright Horizons Family Solutions worth $106,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BFAM. Impax Asset Management Group plc increased its position in Bright Horizons Family Solutions by 13.8% in the first quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock worth $3,690,000 after purchasing an additional 3,514 shares during the period. Stephens Investment Management Group LLC boosted its position in Bright Horizons Family Solutions by 9.9% during the 1st quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock worth $77,855,000 after acquiring an additional 55,115 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Bright Horizons Family Solutions by 4.3% during the 1st quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock worth $36,826,000 after purchasing an additional 11,967 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Bright Horizons Family Solutions by 5.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 317,822 shares of the company's stock valued at $40,376,000 after acquiring an additional 16,805 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Bright Horizons Family Solutions by 17.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 55,713 shares of the company's stock valued at $7,066,000 after buying an additional 8,470 shares in the last quarter.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of the company's 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 completion of the sale, the director owned 18,233 shares in the company, valued at $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total value of $108,520.00. Following the sale, the chief operating officer owned 26,449 shares of the company's stock, valued at approximately $2,870,245.48. This represents a 3.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock valued at $597,810 over the last ninety days. Corporate insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Price Performance

NYSE BFAM opened at $100.60 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The business's fifty day moving average is $111.46 and its 200 day moving average is $117.38. The company has a market capitalization of $5.72 billion, a PE ratio of 32.98 and a beta of 1.33. Bright Horizons Family Solutions Inc. has a fifty-two week low of $95.53 and a fifty-two week high of $135.77.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the business earned $0.88 earnings per share. The firm's revenue for the quarter 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. Sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BFAM shares. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 8th. Morgan Stanley decreased their price objective 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. Finally, UBS Group reduced their target price on Bright Horizons Family Solutions from $138.00 to $112.00 and set a "neutral" rating for the company in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $132.00.

Bright Horizons Family Solutions Company 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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