AlphaQuest LLC Acquires 5,748 Shares of Bright Horizons Family Solutions Inc. $BFAM

AlphaQuest LLC raised its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 24,991.3% in the second quarter, Holdings Channel reports. The firm owned 5,771 shares of the company’s stock after purchasing an additional 5,748 shares during the period. AlphaQuest LLC’s holdings in Bright Horizons Family Solutions were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BFAM. Larson Financial Group LLC grew its stake in Bright Horizons Family Solutions by 62.2% in the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares during the period. Twin Tree Management LP bought a new position in Bright Horizons Family Solutions in the 1st quarter valued at $29,000. Geneos Wealth Management Inc. grew its stake 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 during the period. HM Payson & Co. bought a new position in Bright Horizons Family Solutions in the 1st quarter valued at $50,000. Finally, GAMMA Investing LLC grew its stake in Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock valued at $60,000 after purchasing an additional 200 shares during the period.

Analysts Set New Price Targets

A number of research analysts have issued reports on BFAM shares. Morgan Stanley reduced their price objective on Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating for the company in a research note on Friday. UBS Group dropped their price target on 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, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $131.43.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $99.11 on Tuesday. The stock’s 50-day simple moving average is $109.34 and its 200 day simple moving average is $116.84. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 32.50 and a beta of 1.33. 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 52-week low of $95.53 and a 52-week high of $135.77.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.07. The business had revenue of $731.57 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, 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 sale, the director owned 18,233 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the 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 $2,870,245.48. This trade represents a 3.64% decrease in their position. 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 currently owned by insiders.

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.