Versor Investments LP Takes $464,000 Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Versor Investments LP has acquired 3,651 shares of Bright Horizons Family Solutions Inc. ($BFAM), valued at approximately $464,000, as reported in their recent SEC filing.
• Research analysts have adjusted ratings for BFAM, with Jefferies Financial Group downgrading the stock from "buy" to "hold", and Morgan Stanley reducing its price target from $106.00 to $100.00.
• Bright Horizons reported an EPS of $1.07 for the last quarter, exceeding the consensus estimate, with a revenue of $731.57 million reflecting a 9.2% year-over-year increase.

Versor Investments LP bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,651 shares of the company's stock, valued at approximately $464,000.

Other large investors have also recently added to or reduced their stakes in the company. 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. 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. HM Payson & Co. bought a new stake in Bright Horizons Family Solutions during the first quarter worth approximately $50,000. Finally, GAMMA Investing LLC boosted its holdings in Bright Horizons Family Solutions by 72.7% during the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock worth $60,000 after buying an additional 200 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BFAM. Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. Jefferies Financial Group downgraded 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 research report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $137.75.

Bright Horizons Family Solutions Stock Down 1.8%

BFAM stock traded down $2.13 during midday trading on Tuesday, reaching $118.91. The company had a trading volume of 397,617 shares, compared to its average volume of 721,495. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.76 billion, a P/E ratio of 38.99 and a beta of 1.34. The company has a 50 day moving average of $118.66 and a two-hundred day moving average of $122.07.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released 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 net margin of 6.34% and a return on equity of 15.12%. The company 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 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 research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $128.99, for a total value of $128,990.00. Following the completion of the sale, the chief operating officer owned 28,449 shares in the company, valued at $3,669,636.51. This represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was 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. Insiders sold a total of 13,782 shares of company stock worth $1,750,363 in the last quarter. 1.21% of the stock is currently owned by corporate 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.