Durable Capital Partners LP Sells 738,636 Shares of Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Durable Capital Partners LP has reduced its stake in Bright Horizons Family Solutions Inc. (BFAM) by 56.5%, owning 568,078 shares after selling 738,636 shares in the first quarter.
• Bright Horizons reported $1.07 earnings per share for the last quarter, exceeding analyst expectations of $1.00, with a revenue of $731.57 million, up 9.2% year-over-year.
• Analysts have mixed ratings on Bright Horizons, with Jefferies Financial Group downgrading the stock from "buy" to "hold" and lowering the target price from $146.00 to $135.00.

Durable Capital Partners LP reduced its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 56.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 568,078 shares of the company's stock after selling 738,636 shares during the quarter. Durable Capital Partners LP owned approximately 0.99% of Bright Horizons Family Solutions worth $72,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of BFAM. JPMorgan Chase & Co. increased its position in Bright Horizons Family Solutions by 23.8% in the first quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock worth $557,959,000 after buying an additional 845,391 shares during the last quarter. Point72 Asset Management L.P. increased 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 buying an additional 447,457 shares during the last quarter. Premier Fund Managers Ltd purchased a new stake in Bright Horizons Family Solutions in the first quarter worth $50,653,000. Millennium Management LLC increased 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 buying an additional 324,262 shares during the last quarter. Finally, Deutsche Bank AG increased 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 buying an additional 240,960 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on BFAM. Jefferies Financial Group downgraded 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 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 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.57.

Insider Buying and Selling at Bright Horizons Family Solutions

In related 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 owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. This trade represents a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions 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 of the company's stock, valued at $3,669,636.51. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,000 shares of company stock valued at $611,850 in the last three months. 1.21% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded up $0.42 during midday trading on Friday, reaching $116.75. 372,987 shares of the company traded hands, compared to its average volume of 504,367. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month 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 firm's fifty day moving average price is $117.91 and its two-hundred day moving average price is $121.75.

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 (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.07. The company had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, equities analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current 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.