DRW Securities LLC Takes Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• DRW Securities LLC acquired a new stake in Bright Horizons Family Solutions Inc. during the first quarter, purchasing 3,400 shares valued at approximately $432,000.
• Insider sales included COO Mary Lou Burke selling 1,000 shares for $128,990, and Director Mary Ann Tocio selling 3,000 shares for $360,300, marking significant decreases in their ownership percentages.
• Bright Horizons recently reported earnings of $1.07 per share, exceeding estimates, with a revenue of $731.57 million for the quarter, up 9.2% year-over-year.

DRW Securities LLC bought a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,400 shares of the company's stock, valued at approximately $432,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in 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 valued at $557,959,000 after acquiring an additional 845,391 shares in the last quarter. Point72 Asset Management L.P. grew its position in Bright Horizons Family Solutions by 199.6% in the fourth quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company's stock worth $74,451,000 after acquiring an additional 447,457 shares in the last quarter. Premier Fund Managers Ltd bought a new stake in Bright Horizons Family Solutions in the first quarter worth approximately $50,653,000. Millennium Management LLC grew its position in Bright Horizons Family Solutions by 1,081.6% in the fourth quarter. Millennium Management LLC now owns 354,241 shares of the company's stock worth $39,268,000 after acquiring an additional 324,262 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Bright Horizons Family Solutions by 742.8% in the fourth quarter. Deutsche Bank AG now owns 273,399 shares of the company's stock worth $30,306,000 after acquiring an additional 240,960 shares in the last quarter.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer directly owned 28,449 shares of the company's stock, valued at approximately $3,669,636.51. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total value 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. This represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,000 shares of company stock worth $611,850. Insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded up $0.42 during trading on Friday, reaching $116.75. The stock had a trading volume of 372,987 shares, compared to its average volume of 504,367. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.80. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 38.28 and a beta of 1.27. 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 stock has a fifty day simple moving average of $117.91 and a two-hundred day simple moving average of $121.75.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.07 EPS 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 company had revenue of $731.57 million for the quarter, compared to analyst estimates of $724.32 million. During the same quarter last year, the firm posted $0.88 earnings per share. The company's quarterly 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, analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on BFAM. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their target price for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley decreased their target price on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $134.57.

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.