Truist Financial Corp Reduces Position in Bright Horizons Family Solutions Inc. $BFAM

Truist Financial Corp cut its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,879 shares of the company's stock after selling 4,355 shares during the quarter. Truist Financial Corp owned about 0.13% of Bright Horizons Family Solutions worth $8,884,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Bright Horizons Family Solutions by 355.6% during the first quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock valued at $1,415,000 after buying an additional 8,694 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Bright Horizons Family Solutions by 13.8% in the first quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock valued at $3,690,000 after purchasing an additional 3,514 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Bright Horizons Family Solutions by 9.9% in the first quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock valued at $77,855,000 after purchasing an additional 55,115 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Bright Horizons Family Solutions by 4.3% in the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock valued at $36,826,000 after purchasing an additional 11,967 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Bright Horizons Family Solutions by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 317,822 shares of the company's stock valued at $40,376,000 after purchasing an additional 16,805 shares during the last quarter.

Wall Street Analysts Forecast Growth

BFAM has been the topic of several recent research reports. Jefferies Financial Group lowered shares of 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 report on Monday, June 23rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Bright Horizons Family Solutions in a report on Saturday, September 27th. Finally, Morgan Stanley lowered 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 report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.57.

Bright Horizons Family Solutions Stock Down 0.4%

BFAM opened at $106.29 on Monday. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $139.68. 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 company has a 50-day moving average price of $115.19 and a 200 day moving average price of $119.27. The company has a market cap of $6.04 billion, a PE ratio of 34.85 and a beta of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share 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 the consensus estimate of $724.32 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total value of $108,520.00. Following the completion of the sale, the chief operating officer owned 26,449 shares in the company, valued at approximately $2,870,245.48. This represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing 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 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 owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,000 shares of company stock valued at $597,810. Insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions 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.

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