Raymond James Financial Inc. Has $85.50 Million Stock Holdings in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Raymond James Financial Inc. reduced its stake in Bright Horizons Family Solutions by 6.3%, now holding approximately $85.50 million worth of shares.
• Bright Horizons Family Solutions reported $731.57 million in revenue for the last quarter, beating analysts' estimates and indicating a 9.2% year-over-year increase.
• Analysts have mixed ratings for Bright Horizons, with targets ranging from $100.00 to $146.00, leading to a consensus rating of "Moderate Buy."

Raymond James Financial Inc. reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 6.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 672,983 shares of the company's stock after selling 44,909 shares during the period. Raymond James Financial Inc. owned about 1.18% of Bright Horizons Family Solutions worth $85,496,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in shares of Bright Horizons Family Solutions by 62.2% in the first 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 last quarter. Parallel Advisors LLC grew its holdings in Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares during the period. Global Financial Private Client LLC grew its holdings in Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares during the period. HM Payson & Co. acquired a new position in Bright Horizons Family Solutions during the first quarter valued at approximately $50,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after buying an additional 200 shares during the period.

Insider Activity at Bright Horizons Family Solutions

In other news, Director David H. Lissy sold 6,282 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total value of $817,288.20. Following the sale, the director directly owned 69,312 shares in the company, valued at approximately $9,017,491.20. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the sale, the director owned 18,233 shares in the company, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,282 shares of company stock valued at $2,212,923. 1.21% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock traded up $1.5790 during trading hours on Friday, reaching $123.4590. 641,041 shares of the stock were exchanged, compared to its average volume of 728,987. The company has a market cap of $7.02 billion, a P/E ratio of 40.48 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 stock has a 50 day moving average of $118.77 and a two-hundred day moving average of $122.10.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The firm 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 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 company posted $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Equities analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on BFAM shares. 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 report on Monday, June 23rd. Morgan Stanley dropped 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 report on Monday, July 28th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.