Bright Horizons Family Solutions Inc. $BFAM Shares Bought by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC raised its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.4% in the second quarter, Holdings Channel.com reports. The fund owned 8,498 shares of the company’s stock after acquiring an additional 118 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Bright Horizons Family Solutions were worth $1,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC grew its position in Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock worth $26,000 after acquiring an additional 79 shares during the period. Twin Tree Management LP purchased a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $29,000. Geneos Wealth Management Inc. boosted its holdings in Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after purchasing an additional 167 shares in the last quarter. HM Payson & Co. purchased a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $50,000. Finally, GAMMA Investing LLC raised its position in shares of Bright Horizons Family Solutions by 72.7% during the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after purchasing an additional 200 shares during the last quarter.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. This represents a 14.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of the firm’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 directly owned 26,449 shares in the company, valued at approximately $2,870,245.48. This trade represents a 3.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock worth $597,810 in the last three months. 1.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group decreased their price objective on shares of Bright Horizons Family Solutions from $138.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating on the stock in a research report on Monday, July 28th. Jefferies Financial Group cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the company from $146.00 to $135.00 in a report on Monday, June 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

Bright Horizons Family Solutions Stock Up 1.8%

Shares of BFAM opened at $100.60 on Monday. The firm has a market cap of $5.72 billion, a P/E ratio of 32.98 and a beta of 1.33. Bright Horizons Family Solutions Inc. has a 1 year low of $95.53 and a 1 year high of $135.77. 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 has a 50 day simple moving average of $111.46 and a two-hundred day simple moving average of $117.38.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. The company 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%.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 company earned $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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.