Bright Horizons Family Solutions Inc. $BFAM Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 444.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,280 shares of the company’s stock after acquiring an additional 13,291 shares during the quarter. XTX Topco Ltd’s holdings in Bright Horizons Family Solutions were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Cetera Investment Advisers grew its stake in Bright Horizons Family Solutions by 13.8% during the 1st quarter. Cetera Investment Advisers now owns 6,175 shares of the company’s stock worth $784,000 after purchasing an additional 749 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Bright Horizons Family Solutions by 3.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,595 shares of the company’s stock valued at $1,727,000 after buying an additional 447 shares during the period. LPL Financial LLC grew its position in shares of Bright Horizons Family Solutions by 16.8% during the first quarter. LPL Financial LLC now owns 46,787 shares of the company’s stock worth $5,944,000 after buying an additional 6,719 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $65,000. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Bright Horizons Family Solutions by 349.7% during the first quarter. Harvest Fund Management Co. Ltd now owns 733 shares of the company’s stock worth $93,000 after buying an additional 570 shares during the period.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $102.53 on Friday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 33.62 and a beta of 1.36. 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 1 year low of $91.49 and a 1 year high of $132.99. The company’s fifty day moving average is $101.65 and its two-hundred day moving average is $113.58.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, October 30th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.25. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The business had revenue of $802.81 million for the quarter, compared to the consensus estimate of $781.16 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total transaction of $108,520.00. Following the transaction, the chief operating officer owned 26,449 shares in the company, valued at approximately $2,870,245.48. The trade was a 3.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 31st. UBS Group upped their target price on Bright Horizons Family Solutions from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Robert W. Baird set a $136.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. Wall Street Zen upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Morgan Stanley dropped their price objective on shares of Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating on the stock in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $128.71.

Bright Horizons Family Solutions Company Profile

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.