Bright Horizons Family Solutions Inc. $BFAM Shares Sold by Hsbc Holdings PLC

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 decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 52.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 9,739 shares of the company's stock after selling 10,680 shares during the period. Hsbc Holdings PLC's holdings in Bright Horizons Family Solutions were worth $1,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 845,391 shares during the period. Massachusetts Financial Services Co. MA increased 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 purchasing an additional 29,425 shares during the period. Bamco Inc. NY increased its position in Bright Horizons Family Solutions by 4.7% during the 4th quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock valued at $172,846,000 after purchasing an additional 69,940 shares during the period. Dimensional Fund Advisors LP increased its position in 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 valued at $111,545,000 after purchasing an additional 66,230 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Bright Horizons Family Solutions by 199.6% in the 4th 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.

Bright Horizons Family Solutions Stock Performance

BFAM stock traded down $0.02 during trading on Wednesday, reaching $115.90. The company had a trading volume of 175,029 shares, compared to its average volume of 496,983. The firm has a 50-day simple moving average of $118.20 and a 200-day simple moving average of $121.96. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 38.00 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. 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 released its earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The company had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. Bright Horizons Family Solutions's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares in the company, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 that occurred on Friday, August 1st. The shares were 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 of the company's stock, valued at approximately $3,669,636.51. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock valued at $611,850 over the last quarter. 1.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley cut 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 report on Monday, July 28th. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price objective for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.57.

Bright Horizons Family Solutions 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.