Credit Agricole S A Grows Stock Holdings in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Credit Agricole S A increased its holdings in Bright Horizons Family Solutions by 211.0%, acquiring an additional 5,860 shares in the first quarter, bringing its total ownership to 8,637 shares valued at $1,097,000.
• Insider activity saw COO Mary Lou Burke and Director Mary Ann Tocio sell shares, with Burke selling 1,000 shares and Tocio selling 3,000 shares, resulting in significant reductions of their respective ownerships.
• Bright Horizons reported a 9.2% year-over-year increase in revenue, with a quarterly total of $731.57 million and earnings per share of $1.07, beating analysts' expectations.

Credit Agricole S A increased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 211.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,637 shares of the company's stock after purchasing an additional 5,860 shares during the period. Credit Agricole S A's holdings in Bright Horizons Family Solutions were worth $1,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp raised its stake 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 last quarter. Versor Investments LP purchased a new position in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $464,000. Burgundy Asset Management Ltd. raised its holdings in Bright Horizons Family Solutions by 5.8% in the first quarter. Burgundy Asset Management Ltd. now owns 164,742 shares of the company's stock worth $20,929,000 after purchasing an additional 8,992 shares in the last quarter. Northwest & Ethical Investments L.P. increased its stake in shares of Bright Horizons Family Solutions by 10.5% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 18,083 shares of the company's stock worth $2,297,000 after acquiring an additional 1,719 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Bright Horizons Family Solutions by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 878,059 shares of the company's stock worth $111,545,000 after acquiring an additional 66,230 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BFAM shares. Morgan Stanley cut their target price 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 shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their target price for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and a consensus price target of $134.57.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions 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 directly owned 18,233 shares of the company's stock, valued at $2,189,783.30. The trade was a 14.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction of $128,990.00. Following the transaction, the chief operating officer owned 28,449 shares in the company, valued at approximately $3,669,636.51. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,000 shares of company stock worth $611,850. Company insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM traded down $0.38 on Friday, reaching $117.97. The company's stock had a trading volume of 503,781 shares, compared to its average volume of 678,960. The company has a 50-day simple moving average of $118.45 and a 200 day simple moving average of $122.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.90. The company has a market cap of $6.71 billion, a P/E ratio of 38.68 and a beta of 1.34.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share 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 analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business's revenue was up 9.2% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

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.