Strs Ohio Invests $1.24 Million in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Strs Ohio has acquired a new position in Bright Horizons Family Solutions Inc., purchasing 9,791 shares valued at approximately $1.244 million.
• Several institutional investors, including Bank of America and Nuveen Asset Management, have increased their holdings in the company during the fourth quarter.
• Despite recently beating earnings estimates, analysts have lowered their target prices for the stock, with a consensus rating of "Moderate Buy" and a target price of $134.57.

Strs Ohio acquired a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,791 shares of the company's stock, valued at approximately $1,244,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC raised its position in 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 in the last quarter. Twin Tree Management LP bought a new stake in Bright Horizons Family Solutions in the first quarter worth about $29,000. Parallel Advisors LLC raised its position in Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after acquiring an additional 143 shares in the last quarter. Global Financial Private Client LLC raised its position in Bright Horizons Family Solutions by 244.2% in the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after acquiring an additional 232 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Bright Horizons Family Solutions by 98.8% in the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock worth $43,000 after acquiring an additional 167 shares in the last quarter.

Insider Activity

In other 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 transaction of $128,990.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred 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 directly owned 18,233 shares in the company, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock worth $611,850 in the last quarter. 1.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on BFAM. Morgan Stanley lowered their target price 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. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price target for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.57.

Bright Horizons Family Solutions Trading Down 2.0%

Bright Horizons Family Solutions stock traded down $2.21 during mid-day trading on Friday, hitting $108.85. The stock had a trading volume of 853,337 shares, compared to its average volume of 575,350. The stock has a 50-day simple moving average of $116.48 and a two-hundred day simple moving average of $120.65. The stock has a market capitalization of $6.19 billion, a PE ratio of 35.69 and a beta of 1.27. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $141.57. 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 issued its earnings results 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. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm had revenue of $731.57 million for the quarter, compared to analysts' expectations of $724.32 million. During the same quarter last year, the business earned $0.88 earnings per share. The company'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. As a group, sell-side analysts forecast 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.