Inspire Investing LLC Makes New $2.20 Million Investment in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Inspire Investing LLC acquired a new stake in Bright Horizons Family Solutions, purchasing 17,280 shares valued at approximately $2,195,000 during the first quarter.
• Multiple institutional investors, including Mercer Global Advisors and Bank of America, have also increased their holdings in Bright Horizons, indicating growing institutional interest.
• Bright Horizons reported a solid quarterly performance, with $1.07 EPS surpassing expectations and a 9.2% year-over-year revenue increase, while analysts give it an average rating of "Moderate Buy."

Inspire Investing LLC acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,280 shares of the company's stock, valued at approximately $2,195,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position 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 acquiring an additional 845,391 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake 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 purchasing an additional 95,860 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Bright Horizons Family Solutions by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company's stock worth $328,908,000 after purchasing an additional 29,425 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Bright Horizons Family Solutions by 8.2% in 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 period. Finally, AQR Capital Management LLC raised its position in shares of Bright Horizons Family Solutions by 20.7% during the first quarter. AQR Capital Management LLC now owns 753,233 shares of the company's stock valued at $93,604,000 after buying an additional 129,403 shares during the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 3,000 shares of the 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 completion of the transaction, the director owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. This trade represents a 14.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $128.99, for a total value of $128,990.00. Following the sale, the chief operating officer owned 28,449 shares in the company, valued at approximately $3,669,636.51. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,000 shares of company stock worth $611,850. Insiders own 1.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their target price for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley decreased their price target on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $134.57.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded down $1.25 during midday trading on Wednesday, reaching $109.17. 262,422 shares of the stock traded hands, compared to its average volume of 503,371. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $6.21 billion, a PE ratio of 35.73 and a beta of 1.27. Bright Horizons Family Solutions Inc. has a one year low of $103.75 and a one year high of $141.57. The company's 50 day moving average is $116.87 and its 200 day moving average is $120.99.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly 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. The company had revenue of $731.57 million for 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 quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

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.