VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 7,310 Bright Horizons Family Solutions Inc. $BFAM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the second quarter, Holdings Channel reports. The fund acquired 7,310 shares of the company’s stock, valued at approximately $903,000.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in Bright Horizons Family Solutions by 62.2% during the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock valued at $26,000 after acquiring an additional 79 shares during the last quarter. Twin Tree Management LP bought a new position in shares of Bright Horizons Family Solutions in the 1st quarter worth about $29,000. Geneos Wealth Management Inc. lifted its position in shares of Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock worth $43,000 after buying an additional 167 shares during the last quarter. HM Payson & Co. bought a new position in shares of Bright Horizons Family Solutions in the 1st quarter worth about $50,000. Finally, GAMMA Investing LLC lifted its position in shares of Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after buying an additional 200 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BFAM shares. Weiss Ratings restated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. UBS Group reduced their price target on shares of Bright Horizons Family Solutions from $138.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the sale, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. This trade represents a 14.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $108,520.00. Following the completion of the sale, the chief operating officer directly owned 26,449 shares of the company’s stock, 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. Over the last 90 days, insiders sold 5,000 shares of company stock worth $597,810. 1.21% of the stock is owned by insiders.

Bright Horizons Family Solutions Trading Down 0.5%

Bright Horizons Family Solutions stock opened at $101.96 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $110.15 and a two-hundred day moving average price of $117.02. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 33.43 and a beta of 1.33. Bright Horizons Family Solutions Inc. has a 52-week low of $95.53 and a 52-week high of $135.77.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The firm had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. During the same period in the previous year, the business posted $0.88 EPS. 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. Sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current 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.