Nuveen LLC Takes $30.15 Million Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Nuveen LLC has acquired a new stake in Bright Horizons Family Solutions Inc., purchasing 237,336 shares worth approximately $30.15 million, making up about 0.41% of the company.
• Multiple institutional investors have increased their holdings in Bright Horizons, with Federated Hermes boosting its stake by 194.8% in the last quarter.
• Bright Horizons reported an EPS of $1.07 for the quarter, surpassing analyst estimates, and has a current consensus rating of "Moderate Buy" with an average price target of $137.75.

Nuveen LLC bought 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 filing with the SEC. The firm bought 237,336 shares of the company's stock, valued at approximately $30,151,000. Nuveen LLC owned 0.41% of Bright Horizons Family Solutions as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in shares of 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 acquiring an additional 8,694 shares during the period. Impax Asset Management Group plc increased its position in shares of Bright Horizons Family Solutions by 13.8% in the first quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock valued at $3,690,000 after acquiring an additional 3,514 shares during the period. Stephens Investment Management Group LLC increased its position in shares of Bright Horizons Family Solutions by 9.9% in the first quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock valued at $77,855,000 after acquiring an additional 55,115 shares during the period. Bessemer Group Inc. increased its position in shares of Bright Horizons Family Solutions by 4.3% in the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock valued at $36,826,000 after acquiring an additional 11,967 shares during the period. Finally, Barclays PLC increased its position in shares of Bright Horizons Family Solutions by 57.5% in the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock valued at $3,355,000 after acquiring an additional 11,057 shares during the period.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company'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 sale, the chief operating officer owned 28,449 shares in the company, valued at approximately $3,669,636.51. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the completion of the sale, the chief financial officer owned 80,162 shares in the company, valued at approximately $10,594,209.92. This trade represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,282 shares of company stock worth $2,212,923 in the last ninety days. 1.21% of the stock is owned by company insiders.

Bright Horizons Family Solutions Stock Up 1.7%

BFAM traded up $2.0590 during midday trading on Friday, reaching $123.9390. The company's stock had a trading volume of 130,017 shares, compared to its average volume of 497,730. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 40.50 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 1 year low of $103.75 and a 1 year high of $141.90. The stock's 50-day moving average is $118.76 and its 200-day moving average is $122.08.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data 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 business 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%. The business's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BFAM. Morgan Stanley decreased 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 cut shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their price target for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.