Hsbc Holdings PLC Decreases Stake in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Hsbc Holdings PLC reduced its stake in Bright Horizons Family Solutions by 52.3%, selling 10,680 shares, leaving it with a total of 9,739 shares valued at approximately $1.23 million.
• Bright Horizons reported a quarterly earnings per share (EPS) of $1.07, exceeding analyst expectations and marking a 9.2% revenue increase year-over-year.
• Analysts currently have a consensus rating of "Moderate Buy" on Bright Horizons, with an average price target of $134.57.

Hsbc Holdings PLC lessened its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 52.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,739 shares of the company's stock after selling 10,680 shares during the quarter. Hsbc Holdings PLC's holdings in Bright Horizons Family Solutions were worth $1,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northern Trust Corp increased its holdings in Bright Horizons Family Solutions by 4.1% during the 1st quarter. Northern Trust Corp now owns 327,078 shares of the company's stock valued at $41,552,000 after acquiring an additional 13,008 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $464,000. Burgundy Asset Management Ltd. increased its stake in shares of Bright Horizons Family Solutions by 5.8% during the 1st quarter. Burgundy Asset Management Ltd. now owns 164,742 shares of the company's stock worth $20,929,000 after purchasing an additional 8,992 shares in the last quarter. Northwest & Ethical Investments L.P. increased its stake in shares of Bright Horizons Family Solutions by 10.5% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 18,083 shares of the company's stock worth $2,297,000 after purchasing an additional 1,719 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Bright Horizons Family Solutions by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 878,059 shares of the company's stock worth $111,545,000 after purchasing an additional 66,230 shares during the last quarter.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction of $128,990.00. Following the completion of the sale, the chief operating officer directly owned 28,449 shares in the company, valued at $3,669,636.51. This represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value of $360,300.00. Following the completion of the transaction, the director directly owned 18,233 shares in the company, 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 $611,850 in the last ninety days. 1.21% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Trading Down 0.2%

Shares of NYSE:BFAM traded down $0.23 during midday trading on Thursday, reaching $116.23. The company's stock had a trading volume of 374,550 shares, compared to its average volume of 520,079. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 38.11 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. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. The business has a 50 day moving average price of $118.02 and a 200 day moving average price of $121.84.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released 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. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm had revenue of $731.57 million for the quarter, compared to the consensus estimate of $724.32 million. During the same period in the prior year, the business posted $0.88 earnings per share. The firm's revenue for the quarter 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. Research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley lowered their target price on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. Jefferies Financial Group downgraded 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 research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.