Dynamic Technology Lab Private Ltd Invests $1.15 Million in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Bright Horizons Family Solutions Inc. by purchasing 9,030 shares valued at approximately $1.147 million during the first quarter.
• Bright Horizons Family Solutions reported quarterly earnings of $1.07 per share, surpassing analysts' expectations, along with a 9.2% increase in year-over-year revenue.
• Several hedge funds increased their stakes in Bright Horizons, with institutions like BNP Paribas Financial Markets significantly growing their holdings by 730.8% in the last quarter.

Dynamic Technology Lab Private Ltd purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,030 shares of the company's stock, valued at approximately $1,147,000.

A number of other large investors have also recently made changes to their positions in the stock. Larson Financial Group LLC boosted its holdings in shares of Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after acquiring an additional 79 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 4.1% in the first quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company's stock worth $267,000 after acquiring an additional 82 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after acquiring an additional 143 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Bright Horizons Family Solutions by 6.5% in the first quarter. Fifth Third Bancorp now owns 3,238 shares of the company's stock worth $411,000 after acquiring an additional 198 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock worth $60,000 after acquiring an additional 200 shares during the period.

Insider Transactions 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 dated Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were 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. The trade was a 14.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,000 shares of company stock worth $611,850 in the last 90 days. Company insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded down $0.79 during trading hours on Friday, hitting $113.34. 522,790 shares of the company's stock traded hands, compared to its average volume of 466,127. The firm has a market cap of $6.45 billion, a P/E ratio of 37.16 and a beta of 1.27. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.80. The business's fifty day simple moving average is $117.18 and its two-hundred day simple moving average is $121.24. 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 (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. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The company had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. During the same quarter last year, the company earned $0.88 earnings per share. The firm'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, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BFAM shares. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price target for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and an average target price 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.