Cwm LLC Has $2.20 Million Stock Holdings in Bright Horizons Family Solutions Inc. $BFAM

Cwm LLC decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,763 shares of the company’s stock after selling 1,080 shares during the period. Cwm LLC’s holdings in Bright Horizons Family Solutions were worth $2,195,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BFAM. JPMorgan Chase & Co. raised its holdings in Bright Horizons Family Solutions by 23.8% during 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. Premier Fund Managers Ltd purchased a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $50,653,000. Goldman Sachs Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 149.1% in the first quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company’s stock valued at $78,040,000 after purchasing an additional 367,711 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $30,151,000. Finally, AQR Capital Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 20.7% in the first quarter. AQR Capital Management LLC now owns 753,233 shares of the company’s stock valued at $93,604,000 after purchasing an additional 129,403 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

BFAM opened at $100.60 on Friday. The firm has a market cap of $5.72 billion, a P/E ratio of 32.98 and a beta of 1.33. The firm has a 50-day moving average of $111.46 and a 200 day moving average of $117.40. 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 Inc. has a fifty-two week low of $95.53 and a fifty-two week high of $135.77.

Bright Horizons Family Solutions (NYSE:BFAM) last posted 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 analyst estimates 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 revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior 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. On average, research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

BFAM has been the subject of several analyst reports. UBS Group lowered their target price on shares of Bright Horizons Family Solutions from $138.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Morgan Stanley lowered their target price 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 target price for the company from $146.00 to $135.00 in a report on Monday, June 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.00.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total transaction of $108,520.00. Following the completion of the transaction, the chief operating officer owned 26,449 shares in the company, valued at $2,870,245.48. This trade represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ann Tocio sold 3,000 shares of the 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 transaction, the director owned 18,233 shares of the company’s stock, valued at $2,189,783.30. This represents a 14.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,000 shares of company stock valued at $597,810 in the last quarter. 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.