Fifth Third Bancorp Sells 2,918 Shares of Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Fifth Third Bancorp reduced its stake in Bright Horizons Family Solutions by 90.1%, selling 2,918 shares, and now owns only 320 shares worth approximately $40,000.
• Several hedge funds, including JPMorgan Chase & Co. and Kayne Anderson Rudnick Investment Management, increased their holdings in Bright Horizons, indicating varying investor sentiments towards the company.
• Bright Horizons reported an earnings per share (EPS) of $1.07 for the last quarter, surpassing estimates, and is projecting an FY 2025 EPS guidance of 4.150-4.250.

Fifth Third Bancorp lessened its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 90.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 320 shares of the company's stock after selling 2,918 shares during the quarter. Fifth Third Bancorp's holdings in Bright Horizons Family Solutions were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BFAM. JPMorgan Chase & Co. boosted its holdings in shares of Bright Horizons Family Solutions by 23.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock valued at $557,959,000 after buying an additional 845,391 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Bright Horizons Family Solutions by 3.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,200,371 shares of the company's stock valued at $406,575,000 after acquiring an additional 95,860 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Bright Horizons Family Solutions by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company's stock valued at $328,908,000 after acquiring an additional 29,425 shares during the period. Dimensional Fund Advisors LP boosted its stake in Bright Horizons Family Solutions by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 878,059 shares of the company's stock worth $111,545,000 after acquiring an additional 66,230 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Bright Horizons Family Solutions by 20.7% in the first quarter. AQR Capital Management LLC now owns 753,233 shares of the company's stock worth $93,604,000 after purchasing an additional 129,403 shares during the period.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total transaction of $108,520.00. Following the completion of the sale, the chief operating officer owned 26,449 shares of the company's stock, valued at $2,870,245.48. The trade was a 3.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Ann Tocio sold 3,000 shares of the company'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 completion of the sale, the director owned 18,233 shares of the company's stock, valued at $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. Insiders have sold 5,000 shares of company stock valued at $597,810 over the last 90 days. 1.21% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Price Performance

NYSE BFAM opened at $106.61 on Friday. Bright Horizons Family Solutions Inc. has a one year low of $103.75 and a one year high of $139.68. The stock has a 50-day moving average of $115.36 and a 200 day moving average of $119.52. 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 company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. Bright Horizons Family Solutions's 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. On average, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered 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 report on Monday, July 28th. Jefferies Financial Group lowered 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 report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $134.57.

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.

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