Vident Advisory LLC Acquires 7,187 Shares of 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 increased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,096 shares of the company's stock after purchasing 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.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in Bright Horizons Family Solutions by 23.8% in the first quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock worth $557,959,000 after buying an additional 845,391 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Bright Horizons Family Solutions by 199.6% during the 4th quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company's stock valued at $74,451,000 after acquiring an additional 447,457 shares during the last quarter. Premier Fund Managers Ltd acquired a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at $50,653,000. Millennium Management LLC lifted its position in shares of Bright Horizons Family Solutions by 1,081.6% during the 4th quarter. Millennium Management LLC now owns 354,241 shares of the company's stock valued at $39,268,000 after acquiring an additional 324,262 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Bright Horizons Family Solutions by 742.8% during the 4th quarter. Deutsche Bank AG now owns 273,399 shares of the company's stock valued at $30,306,000 after acquiring an additional 240,960 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley cut their price objective on 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 Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price objective for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $134.57.

Bright Horizons Family Solutions Stock Down 0.5%

Shares of BFAM stock traded down $0.59 during trading on Wednesday, hitting $115.32. 118,976 shares of the company were exchanged, compared to its average volume of 496,684. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 37.80 and a beta of 1.27. The business's 50-day simple moving average is $118.20 and its 200 day simple moving average is $121.96. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The business had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the firm'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 transaction, the chief operating officer owned 28,449 shares of the company's stock, valued at approximately $3,669,636.51. This trade represents 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 available through the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 18,233 shares in the company, 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 ninety days, insiders have sold 5,000 shares of company stock worth $611,850. 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.