Brighton Jones LLC Invests $205,000 in Bright Horizons Family Solutions Inc. $BFAM

Brighton Jones LLC acquired a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,661 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of 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 period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Bright Horizons Family Solutions by 3.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,200,371 shares of the company’s stock worth $406,575,000 after buying an additional 95,860 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Bright Horizons Family Solutions by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company’s stock worth $328,908,000 after buying an additional 29,425 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Bright Horizons Family Solutions by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 878,059 shares of the company’s stock worth $111,545,000 after buying an additional 66,230 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Bright Horizons Family Solutions by 171.0% during the second quarter. Conestoga Capital Advisors LLC now owns 858,010 shares of the company’s stock worth $106,041,000 after buying an additional 541,440 shares during the period.

Analyst Ratings Changes

Several brokerages recently commented on BFAM. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $156.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets reissued an “outperform” rating and set a $124.00 price target on shares of Bright Horizons Family Solutions in a research report on Friday. Morgan Stanley reduced their price target on Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating for the company in a research report on Friday, October 24th. Robert W. Baird set a $136.00 price target on Bright Horizons Family Solutions in a research report on Friday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions has an average rating of “Moderate Buy” and a consensus target price of $128.71.

Bright Horizons Family Solutions Stock Performance

BFAM opened at $109.41 on Friday. Bright Horizons Family Solutions Inc. has a 12-month low of $91.49 and a 12-month high of $135.77. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 35.87 and a beta of 1.33. The business has a 50 day moving average of $107.39 and a 200-day moving average of $116.32. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.25. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The company had revenue of $802.81 million during the quarter, compared to analysts’ expectations of $781.16 million. During the same period last year, the firm posted $1.11 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. On average, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling

In other 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 completion of the sale, the director directly owned 18,233 shares of the company’s stock, valued at $2,189,783.30. This trade represents a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total value 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. This trade represents a 3.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.21% of the company’s stock.

Bright Horizons Family Solutions 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.