Burgundy Asset Management Ltd. Raises Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Burgundy Asset Management Ltd. increased its stake in Bright Horizons Family Solutions by 5.8%, acquiring an additional 8,992 shares during the first quarter, which brought its total holdings to approximately $20.9 million.
• The company's earnings report showed a quarterly EPS of $1.07, surpassing estimates, and a revenue increase of 9.2% year-over-year, totaling $731.57 million.
• Insider trading revealed that COO Mary Lou Burke and Director Mary Ann Tocio sold shares, with Burke reducing her ownership by 3.40% and Tocio by 14.13%, raising concerns among investors about insider confidence.

Burgundy Asset Management Ltd. raised its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,742 shares of the company's stock after buying an additional 8,992 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 0.29% of Bright Horizons Family Solutions worth $20,929,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its stake in shares of Bright Horizons Family Solutions by 62.2% in the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock valued at $26,000 after purchasing an additional 79 shares during the last quarter. Parallel Advisors LLC raised its position in Bright Horizons Family Solutions by 79.9% in the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC raised its position in Bright Horizons Family Solutions by 244.2% in the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. HM Payson & Co. acquired a new stake in Bright Horizons Family Solutions in the 1st quarter valued at about $50,000. Finally, GAMMA Investing LLC raised its position in 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 in the last quarter.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Friday, August 1st. The stock was 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 $3,669,636.51. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total value of $360,300.00. Following the sale, the director directly owned 18,233 shares of the company's stock, 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 17,282 shares of company stock worth $2,212,923 in the last three months. Company insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded up $2.7280 during trading on Tuesday, reaching $121.9680. The company had a trading volume of 628,424 shares, compared to its average volume of 751,548. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90. The stock has a market capitalization of $6.94 billion, a PE ratio of 39.99 and a beta of 1.34. The stock has a 50-day moving average price of $118.86 and a two-hundred day moving average price of $122.07. 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 (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The company 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 business'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 firm 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 predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BFAM shares. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price objective for the company from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley decreased their price objective on 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $137.75.

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.