VIRGINIA RETIREMENT SYSTEMS ET Al Invests $903,000 in Bright Horizons Family Solutions Inc. $BFAM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,310 shares of the company’s stock, valued at approximately $903,000.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock worth $26,000 after acquiring an additional 79 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter worth approximately $29,000. Geneos Wealth Management Inc. boosted its position in shares of Bright Horizons Family Solutions by 98.8% in the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock worth $43,000 after acquiring an additional 167 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter worth approximately $50,000. Finally, GAMMA Investing LLC boosted its position in shares of Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after acquiring an additional 200 shares during the last quarter.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of the company’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 transaction, the director directly owned 18,233 shares of the company’s stock, valued at $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 available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction 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 represents a 3.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,000 shares of company stock worth $597,810. 1.21% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $101.96 on Friday. The company’s fifty day moving average price is $110.15 and its two-hundred day moving average price is $117.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $5.80 billion, a P/E ratio of 33.43 and a beta of 1.33. Bright Horizons Family Solutions Inc. has a 12 month low of $95.53 and a 12 month 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 for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. During the same quarter last year, the firm earned $0.88 EPS. Bright Horizons Family Solutions’s quarterly 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. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley decreased their target price 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. 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, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. One investment 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’s stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

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.