Ieq Capital LLC Purchases 25,816 Shares of Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Ieq Capital LLC increased its holdings in Bright Horizons Family Solutions Inc. by 97.4%, owning 52,320 shares valued at approximately $6.65 million after acquiring an additional 25,816 shares during the first quarter.
• Bright Horizons reported earnings of $1.07 per share for the last quarter, exceeding analysts' expectations of $1.00, and set FY 2025 guidance at $4.150-$4.250 EPS.
• Several large investors, including Larson Financial Group and Global Financial Private Client LLC, made significant increases to their stakes, indicating strong interest in the company as it processes a positive quarterly revenue growth of 9.2% year-over-year.

Ieq Capital LLC raised its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 97.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 52,320 shares of the company's stock after acquiring an additional 25,816 shares during the period. Ieq Capital LLC owned approximately 0.09% of Bright Horizons Family Solutions worth $6,647,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Bright Horizons Family Solutions by 3.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,200,371 shares of the company's stock valued at $406,575,000 after buying an additional 95,860 shares during the last quarter. Mirova boosted its position in shares of Bright Horizons Family Solutions by 3.8% during the first quarter. Mirova now owns 53,755 shares of the company's stock valued at $6,829,000 after buying an additional 1,985 shares during the last quarter. Comerica Bank boosted its position in shares of Bright Horizons Family Solutions by 3.4% during the first quarter. Comerica Bank now owns 220,482 shares of the company's stock valued at $28,010,000 after buying an additional 7,292 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Bright Horizons Family Solutions by 8,650.8% during the first quarter. MetLife Investment Management LLC now owns 121,811 shares of the company's stock valued at $15,475,000 after buying an additional 120,419 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Bright Horizons Family Solutions by 14.7% during the first quarter. Ameriprise Financial Inc. now owns 577,755 shares of the company's stock valued at $73,398,000 after buying an additional 73,845 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BFAM. Morgan Stanley cut their target price on 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 cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their target price 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 given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $134.57.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $0.38 during midday trading on Friday, reaching $117.97. The company had a trading volume of 503,781 shares, compared to its average volume of 623,107. The company's 50 day moving average price is $118.45 and its 200 day moving average price is $122.08. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.71 billion, a P/E ratio of 38.68 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 $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The company had revenue of $731.57 million for the quarter, compared to the consensus estimate of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm 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 anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $128.99, for a total value of $128,990.00. Following the transaction, the chief operating officer directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the business's stock in a transaction dated 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 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 sold a total of 5,000 shares of company stock worth $611,850 over the last three months. 1.21% of the stock is owned by insiders.

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.