Vident Advisory LLC Increases Holdings in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Vident Advisory LLC increased its stake in Bright Horizons Family Solutions by 7.4%, purchasing an additional 7,187 shares during the first quarter, bringing its total ownership to 104,096 shares valued at approximately $13.22 million.
• Bright Horizons reported a quarterly earnings per share (EPS) of $1.07, exceeding analysts' expectations of $1.00, with revenue of $731.57 million for the quarter, marking a 9.2% year-over-year increase.
• Analysts have varied views on Bright Horizons with a consensus rating of "Moderate Buy" and a target price averaging $137.75, while Morgan Stanley recently lowered its target from $106 to $100, indicating potential challenges for the stock.

Vident Advisory LLC lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 7.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,096 shares of the company's stock after acquiring an additional 7,187 shares during the quarter. Vident Advisory LLC owned 0.18% of Bright Horizons Family Solutions worth $13,224,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its stake in Bright Horizons Family Solutions by 62.2% in the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock valued at $26,000 after purchasing an additional 79 shares during the period. Parallel Advisors LLC increased 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 during the last quarter. Global Financial Private Client LLC increased 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 during the last quarter. HM Payson & Co. bought a new stake in Bright Horizons Family Solutions in the first quarter worth about $50,000. Finally, GAMMA Investing LLC boosted its stake in Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after acquiring an additional 200 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on BFAM. Morgan Stanley decreased 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 note on Monday, July 28th. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their target price for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and an average price target of $134.57.

Bright Horizons Family Solutions Stock Performance

BFAM stock traded down $0.38 during midday trading on Monday, reaching $117.97. 503,781 shares of the company's stock traded hands, compared to its average volume of 623,107. The firm has a market capitalization of $6.71 billion, a PE ratio of 38.68 and a beta of 1.27. The company has a 50-day moving average price of $118.45 and a two-hundred day moving average price of $122.08. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. The company had revenue of $731.57 million during 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%.The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $128.99, for a total transaction of $128,990.00. Following the completion of the transaction, the chief operating officer owned 28,449 shares of the company's stock, valued at approximately $3,669,636.51. The trade was a 3.40% decrease in their ownership of the stock. The sale 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 firm'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 completion of the transaction, the director directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,000 shares of company stock valued at $611,850 over the last 90 days. 1.21% of the stock is owned by company 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.