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 purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,400 shares of the company's stock, valued at approximately $432,000.

Several other hedge funds have also modified their holdings of the stock. Larson Financial Group LLC grew its stake in shares of Bright Horizons Family Solutions by 62.2% during the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock valued at $26,000 after purchasing an additional 79 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Bright Horizons Family Solutions by 4.1% during the first quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company's stock valued at $267,000 after purchasing an additional 82 shares during the last quarter. Parallel Advisors LLC boosted its stake in Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares during the last quarter. Fifth Third Bancorp boosted its stake in Bright Horizons Family Solutions by 6.5% in the first quarter. Fifth Third Bancorp now owns 3,238 shares of the company's stock valued at $411,000 after acquiring an additional 198 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after acquiring an additional 200 shares during the last quarter.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction 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 directly owned 28,449 shares in the company, valued at approximately $3,669,636.51. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of the 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 owned 18,233 shares in the company, valued at approximately $2,189,783.30. This trade represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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 Trading Down 0.3%

BFAM opened at $117.97 on Monday. The firm's fifty day moving average is $118.45 and its two-hundred day moving average is $122.08. 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 $6.71 billion, a PE ratio of 38.68 and a beta of 1.27. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BFAM. Morgan Stanley reduced 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. Jefferies Financial Group cut shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their price objective for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $134.57.

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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