Bright Horizons Family Solutions Inc. $BFAM Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Bright Horizons Family Solutions Inc. by 3.1% during the first quarter, now holding over 3.2 million shares valued at approximately $406.6 million.
• JPMorgan Chase & Co. lifted its position in Bright Horizons by 23.8%, owning nearly 4.4 million shares worth about $558 million, following significant investments from other institutional investors.
• Analysts have a consensus rating of "Moderate Buy" for Bright Horizons, with an average price target of $137.75, despite some adjustments to earlier price targets from several brokerages.

Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,200,371 shares of the company's stock after acquiring an additional 95,860 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 5.59% of Bright Horizons Family Solutions worth $406,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in Bright Horizons Family Solutions by 355.6% in the first quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock valued at $1,415,000 after buying an additional 8,694 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Bright Horizons Family Solutions by 13.8% during the first quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock worth $3,690,000 after purchasing an additional 3,514 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Bright Horizons Family Solutions by 9.9% during the first quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock worth $77,855,000 after purchasing an additional 55,115 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 4.3% during the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock worth $36,826,000 after purchasing an additional 11,967 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Bright Horizons Family Solutions by 57.5% during the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock worth $3,355,000 after purchasing an additional 11,057 shares in the last quarter.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM traded down $0.25 during midday trading on Friday, hitting $118.11. 169,195 shares of the stock were exchanged, compared to its average volume of 497,070. The stock has a market cap of $6.72 billion, a P/E ratio of 38.75 and a beta of 1.34. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90. The company has a 50 day moving average price of $118.53 and a 200-day moving average price of $122.02.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.07. The business had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The business's revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.99, for a total value of $128,990.00. Following the completion of the sale, the chief operating officer owned 28,449 shares in the company, valued at $3,669,636.51. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,000 shares of company stock valued at $611,850. 1.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their target price for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley decreased their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of "Moderate Buy" and an average target price of $137.75.

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.