Vontobel Holding Ltd. cut its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 5.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,626 shares of the company’s stock after selling 596 shares during the period. Vontobel Holding Ltd.’s holdings in Bright Horizons Family Solutions were worth $1,190,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in 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 worth $1,415,000 after acquiring an additional 8,694 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Bright Horizons Family Solutions by 13.8% during the first quarter. Impax Asset Management Group plc now owns 29,044 shares of the company’s stock worth $3,690,000 after acquiring an additional 3,514 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in Bright Horizons Family Solutions by 9.9% during the first quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company’s stock worth $77,855,000 after acquiring an additional 55,115 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Bright Horizons Family Solutions by 4.3% during the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company’s stock worth $36,826,000 after acquiring an additional 11,967 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Bright Horizons Family Solutions by 5.6% during the first quarter. Envestnet Asset Management Inc. now owns 317,822 shares of the company’s stock worth $40,376,000 after acquiring an additional 16,805 shares in the last quarter.
Analyst Ratings Changes
BFAM has been the topic of several recent analyst reports. Jefferies Financial Group lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and reduced their target price for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. UBS Group cut their price target on Bright Horizons Family Solutions from $138.00 to $112.00 and set a “neutral” rating on the stock in a report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 8th. Finally, Morgan Stanley cut their price target on 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 research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.00.
Bright Horizons Family Solutions Stock Performance
Shares of Bright Horizons Family Solutions stock opened at $97.46 on Monday. Bright Horizons Family Solutions Inc. has a one year low of $95.53 and a one year high of $136.74. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 31.95 and a beta of 1.33. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50-day moving average is $113.56 and its 200-day moving average is $118.32.
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 the consensus estimate of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The business had revenue of $731.57 million for the quarter, compared to analyst estimates of $724.32 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. Bright Horizons Family Solutions’s revenue 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. Equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Mary Ann Tocio sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was 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 in the company, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total value of $108,520.00. Following the sale, the chief operating officer owned 26,449 shares in the company, valued at $2,870,245.48. The trade was a 3.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,000 shares of company stock worth $597,810 in the last quarter. 1.21% of the stock is currently owned by corporate insiders.
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.
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