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

A number of other large investors have also modified their holdings of the company. SG Americas Securities LLC increased its holdings in Bright Horizons Family Solutions by 355.6% in the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock valued at $1,415,000 after buying an additional 8,694 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of Bright Horizons Family Solutions by 13.8% during the 1st quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock worth $3,690,000 after acquiring an additional 3,514 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of 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 period. Bessemer Group Inc. lifted its holdings 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 acquiring an additional 11,967 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Bright Horizons Family Solutions by 57.5% during the 4th quarter. Barclays PLC now owns 30,272 shares of the company's stock worth $3,355,000 after acquiring an additional 11,057 shares during the period.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $123.4590 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 firm has a market cap of $7.02 billion, a P/E ratio of 40.48 and a beta of 1.34. The business's fifty day moving average is $118.77 and its two-hundred day moving average is $122.10. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted 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 company had revenue of $731.57 million for 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 business's revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 transaction, the director owned 18,233 shares of the company's stock, valued at $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total value of $462,560.00. Following the transaction, the chief financial officer directly owned 80,162 shares in the company, valued at $10,594,209.92. This trade represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BFAM shares. Morgan Stanley reduced their price objective 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. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price target for the company 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, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.75.

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.

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