Conestoga Capital Advisors LLC Increases Stock Position in Bright Horizons Family Solutions Inc. $BFAM

Conestoga Capital Advisors LLC increased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 171.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 858,010 shares of the company’s stock after purchasing an additional 541,440 shares during the period. Conestoga Capital Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $106,041,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Impax Asset Management Group plc raised its holdings in Bright Horizons Family Solutions by 13.8% in the 1st quarter. Impax Asset Management Group plc now owns 29,044 shares of the company’s stock valued at $3,690,000 after acquiring an additional 3,514 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in Bright Horizons Family Solutions by 9.9% in the 1st quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company’s stock valued at $77,855,000 after acquiring an additional 55,115 shares during the last quarter. Bessemer Group Inc. raised its holdings in Bright Horizons Family Solutions by 4.3% in the 1st quarter. Bessemer Group Inc. now owns 289,884 shares of the company’s stock valued at $36,826,000 after acquiring an additional 11,967 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Bright Horizons Family Solutions by 5.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 317,822 shares of the company’s stock valued at $40,376,000 after acquiring an additional 16,805 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Bright Horizons Family Solutions by 17.9% during the first quarter. Asset Management One Co. Ltd. now owns 55,713 shares of the company’s stock valued at $7,066,000 after acquiring an additional 8,470 shares during the period.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were 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 in the company, valued at $2,870,245.48. This trade represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the business’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 sale, the director directly owned 18,233 shares in the company, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock valued at $597,810 in the last three months. 1.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley reduced their price objective on Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, July 28th. UBS Group decreased their price objective on Bright Horizons Family Solutions from $138.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Jefferies Financial Group lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the stock 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 note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Bright Horizons Family Solutions Trading Up 1.8%

Bright Horizons Family Solutions stock opened at $100.60 on Monday. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 32.98 and a beta of 1.33. The company’s fifty day moving average price is $111.46 and its two-hundred day moving average price is $117.38. Bright Horizons Family Solutions Inc. has a one year low of $95.53 and a one 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.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping 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 analysts’ expectations of $724.32 million. During the same quarter last year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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.