Comerica Bank Has $28.01 Million Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Comerica Bank has increased its holdings in Bright Horizons Family Solutions Inc. by 3.4%, owning now 220,482 shares valued at approximately $28 million after purchasing an additional 7,292 shares.
• Bright Horizons reported a quarterly earnings per share (EPS) of $1.07, surpassing analysts' expectations, and forecasts its FY 2025 EPS guidance to be between $4.150 and $4.250.
• Several analysts have changed their ratings, with Morgan Stanley downgrading the stock's price target to $100.00, while Bright Horizons currently holds a consensus rating of "Moderate Buy" with a target price of $137.75.

Comerica Bank increased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 220,482 shares of the company's stock after purchasing an additional 7,292 shares during the quarter. Comerica Bank owned approximately 0.39% of Bright Horizons Family Solutions worth $28,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MetLife Investment Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 8,650.8% during the first quarter. MetLife Investment Management LLC now owns 121,811 shares of the company's stock valued at $15,475,000 after acquiring an additional 120,419 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 14.7% during the first quarter. Ameriprise Financial Inc. now owns 577,755 shares of the company's stock valued at $73,398,000 after acquiring an additional 73,845 shares during the period. Knollwood Investment Advisory LLC bought a new position in shares of Bright Horizons Family Solutions during the first quarter valued at $216,000. Credit Agricole S A lifted its holdings in shares of Bright Horizons Family Solutions by 211.0% during the first quarter. Credit Agricole S A now owns 8,637 shares of the company's stock valued at $1,097,000 after acquiring an additional 5,860 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Bright Horizons Family Solutions by 4.1% during the first quarter. Northern Trust Corp now owns 327,078 shares of the company's stock valued at $41,552,000 after acquiring an additional 13,008 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BFAM. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price objective for the company from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley lowered their target price on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research note on Monday, July 28th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $134.57.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated 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 directly owned 28,449 shares in the company, valued at $3,669,636.51. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, August 5th. The stock was 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 of the company's stock, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders 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 Trading Down 0.3%

BFAM stock traded down $0.38 during midday trading on Friday, reaching $117.97. The stock had a trading volume of 503,781 shares, compared to its average volume of 678,960. The business has a fifty day simple moving average of $118.45 and a two-hundred day simple moving average of $122.06. 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 market cap of $6.71 billion, a price-to-earnings ratio of 38.68 and a beta of 1.34. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The firm had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The company's revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

About Bright Horizons Family Solutions

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.