Dimensional Fund Advisors LP Buys 66,230 Shares of Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Dimensional Fund Advisors LP increased its holdings in Bright Horizons Family Solutions by 8.2%, now owning about 1.53% of the company's stock, valued at approximately $111.5 million.
• Bright Horizons reported earnings per share (EPS) of $1.07, exceeding analysts' estimates of $1.00, and revenue of $731.57 million, a 9.2% increase from last year.
• Analyst opinions are mixed, with Morgan Stanley lowering its target price to $100 and Jefferies lowering theirs to $135, while the stock holds an overall average rating of "Moderate Buy".

Dimensional Fund Advisors LP grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 878,059 shares of the company's stock after acquiring an additional 66,230 shares during the period. Dimensional Fund Advisors LP owned 1.53% of Bright Horizons Family Solutions worth $111,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Bright Horizons Family Solutions by 57.5% in the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock valued at $3,355,000 after acquiring an additional 11,057 shares during the period. Mariner LLC grew its position in shares of Bright Horizons Family Solutions by 9.0% during the 4th quarter. Mariner LLC now owns 7,446 shares of the company's stock worth $825,000 after purchasing an additional 612 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Bright Horizons Family Solutions by 12.8% during the fourth quarter. NewEdge Advisors LLC now owns 5,438 shares of the company's stock worth $603,000 after purchasing an additional 615 shares during the period. First Trust Advisors LP increased its holdings in shares of Bright Horizons Family Solutions by 23.8% during the fourth quarter. First Trust Advisors LP now owns 209,748 shares of the company's stock worth $23,251,000 after purchasing an additional 40,371 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Bright Horizons Family Solutions by 926.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock valued at $157,000 after buying an additional 1,279 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have commented on BFAM. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.75.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the 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 transaction, the chief operating officer directly owned 28,449 shares in the company, valued at approximately $3,669,636.51. This represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following 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 ninety days, insiders sold 13,782 shares of company stock worth $1,750,363. Corporate insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded down $2.13 during trading hours on Tuesday, hitting $118.91. The company's stock had a trading volume of 397,617 shares, compared to its average volume of 499,979. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month 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 fifty day simple moving average of $118.72 and a 200-day simple moving average of $122.10. The company has a market capitalization of $6.76 billion, a P/E ratio of 38.99 and a beta of 1.34.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business'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. On average, analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Bright Horizons Family Solutions 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.