Credit Agricole S A Acquires 5,860 Shares of 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 lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 211.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,637 shares of the company's stock after purchasing an additional 5,860 shares during the quarter. 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 hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of Bright Horizons Family Solutions by 23.8% during the first quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock worth $557,959,000 after purchasing an additional 845,391 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Bright Horizons Family Solutions by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company's stock worth $328,908,000 after purchasing an additional 29,425 shares during the period. Bamco Inc. NY increased its holdings in shares of Bright Horizons Family Solutions by 4.7% during the fourth quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock worth $172,846,000 after purchasing an additional 69,940 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 66,230 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in shares of Bright Horizons Family Solutions by 199.6% during the fourth quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company's stock worth $74,451,000 after purchasing an additional 447,457 shares during the period.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm'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 sale, the chief operating officer 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 filing with the SEC, which is available at this link. Also, Director Mary Ann Tocio sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were 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. This represents a 14.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,282 shares of company stock worth $2,212,923. Corporate insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM opened at $123.4590 on Monday. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 40.48 and a beta of 1.34. The company's 50 day simple moving average is $118.77 and its 200 day simple moving average is $122.10.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its earnings results 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. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The firm had revenue of $731.57 million for the quarter, compared to analyst estimates of $724.32 million. During the same quarter last year, the business posted $0.88 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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