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 purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,791 shares of the company's stock, valued at approximately $1,244,000.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in Bright Horizons Family Solutions by 62.2% during the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Twin Tree Management LP purchased a new stake in Bright Horizons Family Solutions during the 1st quarter worth about $29,000. Parallel Advisors LLC lifted its holdings in Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC lifted its holdings in 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 in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in 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 in the last quarter.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded down $2.21 during trading hours on Friday, reaching $108.85. 853,337 shares of the stock traded hands, compared to its average volume of 585,964. The company has a market capitalization 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. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.57. The company's 50-day simple moving average is $116.48 and its two-hundred day simple moving average is $120.53.

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, beating analysts' consensus estimates of $1.00 by $0.07. The company had revenue of $731.57 million for the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.Bright Horizons Family Solutions's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BFAM shares. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley lowered their price target on 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 issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $134.57.

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 that occurred on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the transaction, the director directly owned 18,233 shares of the company's stock, valued at $2,189,783.30. The trade was a 14.13% decrease in their position. The sale was disclosed in a document filed 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 that occurred 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 transaction, the chief operating officer directly owned 28,449 shares in the company, valued at $3,669,636.51. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,000 shares of company stock worth $611,850. 1.21% of the stock is currently owned by insiders.

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.