Royal Bank of Canada Grows Holdings in Bright Horizons Family Solutions Inc. $BFAM

Royal Bank of Canada increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 11.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,806 shares of the company's stock after buying an additional 18,630 shares during the period. Royal Bank of Canada owned 0.33% of Bright Horizons Family Solutions worth $23,859,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BFAM. Larson Financial Group LLC boosted its holdings in Bright Horizons Family Solutions by 62.2% during the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after buying an additional 79 shares in the last quarter. Twin Tree Management LP purchased a new stake in Bright Horizons Family Solutions during the first quarter worth $29,000. Parallel Advisors LLC boosted 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 worth $41,000 after buying an additional 143 shares in the last quarter. Global Financial Private Client LLC boosted 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 worth $42,000 after buying an additional 232 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in Bright Horizons Family Solutions during the first quarter valued at $50,000.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, 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 transaction of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. This trade represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $128.99, for a total transaction of $128,990.00. Following the sale, the chief operating officer owned 28,449 shares of the company's stock, valued at approximately $3,669,636.51. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,000 shares of company stock valued at $611,850. Company insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Trading Down 0.7%

Bright Horizons Family Solutions stock traded down $0.79 during midday trading on Friday, hitting $113.34. 522,790 shares of the stock were exchanged, compared to its average volume of 466,127. Bright Horizons Family Solutions Inc. has a fifty-two week low of $103.75 and a fifty-two week high of $141.80. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 37.16 and a beta of 1.27. The stock's 50-day simple moving average is $117.18 and its 200 day simple moving average is $121.24. 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 (NYSE:BFAM - Get Free Report) last released its quarterly earnings data 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. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The firm had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. During the same period last year, the business earned $0.88 earnings per share. Bright Horizons Family Solutions's revenue was up 9.2% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on BFAM. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their price objective for the company from $146.00 to $135.00 in a report on Monday, June 23rd. 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 report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $134.57.

About Bright Horizons Family Solutions

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.