Blueshift Asset Management LLC Decreases Stock Holdings in Bright Horizons Family Solutions Inc. $BFAM

Blueshift Asset Management LLC reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 62.7% in the second quarter, Holdings Channel reports. The fund owned 3,458 shares of the company’s stock after selling 5,823 shares during the quarter. Blueshift Asset Management LLC’s holdings in Bright Horizons Family Solutions were worth $427,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Twin Tree Management LP bought a new position in Bright Horizons Family Solutions during the first quarter valued at $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of 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 acquiring an additional 167 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of Bright Horizons Family Solutions in the 2nd quarter valued at about $53,000. GAMMA Investing LLC grew its position in Bright Horizons Family Solutions by 18.3% in the second quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock worth $69,000 after acquiring an additional 87 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Bright Horizons Family Solutions during the second quarter worth approximately $70,000.

Bright Horizons Family Solutions Stock Performance

BFAM stock opened at $104.16 on Thursday. Bright Horizons Family Solutions Inc. has a twelve month low of $91.49 and a twelve month high of $132.99. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.42 and a beta of 1.41. The business’s fifty day simple moving average is $101.26 and its two-hundred day simple moving average is $113.01. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.52.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results 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. The firm had revenue of $802.81 million during the quarter, compared to analyst estimates of $781.16 million. Bright Horizons Family Solutions had a net margin of 6.98% and a return on equity of 17.07%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

BFAM has been the subject of several analyst reports. The Goldman Sachs Group lowered their price objective on 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 raised their price target on Bright Horizons Family Solutions from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Morgan Stanley cut 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 report on Friday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Wall Street Zen cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Sunday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Hold” and an average price target of $128.71.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total value of $108,520.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.21% of the stock is owned by corporate insiders.

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.