Bright Horizons Family Solutions Inc. $BFAM Shares Bought by Perpetual Ltd

Key Points

• Perpetual Ltd increased its stake in Bright Horizons Family Solutions by 377.3%, owning 36,795 shares valued at approximately $4.55 million at the latest reporting period.
• Multiple hedge funds, including JPMorgan Chase and Goldman Sachs, have also significantly increased their positions in Bright Horizons, reflecting growing institutional interest.
• Analysts have issued mixed ratings on the stock, with a current consensus rating of "Moderate Buy" and a target price around $134.57.

Perpetual Ltd increased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 377.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,795 shares of the company's stock after acquiring an additional 29,086 shares during the period. Perpetual Ltd owned approximately 0.06% of Bright Horizons Family Solutions worth $4,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Bright Horizons Family Solutions by 62.2% in the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after acquiring an additional 79 shares during the period. Twin Tree Management LP purchased a new stake in Bright Horizons Family Solutions in the 1st quarter valued at approximately $29,000. Parallel Advisors LLC lifted its stake in Bright Horizons Family Solutions by 79.9% in the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after buying an additional 143 shares in the last quarter. Global Financial Private Client LLC lifted its stake in shares of Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after purchasing an additional 232 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Bright Horizons Family Solutions by 98.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock worth $43,000 after purchasing an additional 167 shares during the period.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on 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 directly owned 28,449 shares in the company, valued at approximately $3,669,636.51. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of the stock in a transaction on 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 approximately $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,000 shares of company stock valued at $611,850. 1.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their price target for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley reduced their price target on 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 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $134.57.

Bright Horizons Family Solutions Trading Down 2.0%

Shares of BFAM stock traded down $2.21 on Friday, reaching $108.85. 853,337 shares of the stock were exchanged, compared to its average volume of 575,350. The stock has a market cap of $6.19 billion, a P/E ratio of 35.69 and a beta of 1.27. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $116.48 and a two-hundred day moving average of $120.58. Bright Horizons Family Solutions Inc. has a 1-year low of $103.75 and a 1-year high of $141.57.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS 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.