Versor Investments LP Invests $464,000 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 purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,651 shares of the company's stock, valued at approximately $464,000.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC raised its position 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 valued at $26,000 after purchasing an additional 79 shares in the last quarter. Parallel Advisors LLC raised its position in Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC raised its position 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 valued at $42,000 after purchasing an additional 232 shares in the last quarter. HM Payson & Co. acquired a new position in Bright Horizons Family Solutions during the first quarter valued at approximately $50,000. Finally, GAMMA Investing LLC raised its position in Bright Horizons Family Solutions by 72.7% during the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after purchasing an additional 200 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BFAM shares. Morgan Stanley lowered 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 report on Monday, July 28th. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price target for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and an average price target of $137.75.

Bright Horizons Family Solutions Trading Down 1.8%

NYSE BFAM traded down $2.2570 on Monday, reaching $121.0730. The company had a trading volume of 207,677 shares, compared to its average volume of 499,170. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 39.69 and a beta of 1.34. Bright Horizons Family Solutions Inc. has a fifty-two week low of $103.75 and a fifty-two week high of $141.90. The business has a 50 day moving average of $118.77 and a two-hundred day moving average of $122.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted 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 business had revenue of $731.57 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total transaction of $360,300.00. Following the sale, the director owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total transaction of $462,560.00. Following the sale, the chief financial officer directly owned 80,162 shares in the company, valued at $10,594,209.92. This trade represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,282 shares of company stock valued at $2,212,923. Company insiders own 1.21% of the company's stock.

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.