State of Wyoming Has $371,000 Stake in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• The State of Wyoming decreased its stake in Bright Horizons Family Solutions Inc. by 50.7%, owning 2,918 shares valued at $371,000 at the end of the last quarter.
• Bright Horizons reported an earnings per share (EPS) of $1.07 for the latest quarter, exceeding analysts' expectations of $1.00, with a revenue of $731.57 million, reflecting a 9.2% year-over-year increase.
• Equities analysts have set varying price targets for Bright Horizons, with one firm lowering their target from $146.00 to $135.00, while the consensus rating for the stock remains a "Moderate Buy" with an average target price of $134.57.

State of Wyoming decreased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 50.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,918 shares of the company's stock after selling 3,002 shares during the period. State of Wyoming's holdings in Bright Horizons Family Solutions were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BFAM. Larson Financial Group LLC increased its stake in shares of 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. Parallel Advisors LLC increased 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 acquiring an additional 143 shares during the period. Global Financial Private Client LLC increased its stake in Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after acquiring an additional 232 shares during the period. HM Payson & Co. bought a new position in Bright Horizons Family Solutions during the first quarter valued at about $50,000. Finally, GAMMA Investing LLC grew its stake in shares of Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after purchasing an additional 200 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BFAM shares. Morgan Stanley lowered 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. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their price target for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $134.57.

Bright Horizons Family Solutions Stock Up 0.4%

Shares of NYSE:BFAM traded up $0.42 during midday trading on Wednesday, reaching $116.33. The company had a trading volume of 386,368 shares, compared to its average volume of 577,027. 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 business's 50 day moving average price is $118.10 and its 200 day moving average price is $121.92. The stock has a market cap of $6.62 billion, a PE ratio of 38.14 and a beta of 1.27. Bright Horizons Family Solutions Inc. has a 1-year low of $103.75 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its 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 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%.Bright Horizons Family Solutions's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mary Ann Tocio sold 3,000 shares of the business's stock in a transaction that occurred 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. The trade was a 14.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,000 shares of company stock valued at $611,850. 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.