Future Fund LLC Takes $985,000 Position in Bright Horizons Family Solutions Inc. $BFAM

Future Fund LLC purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,967 shares of the company’s stock, valued at approximately $985,000.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Bright Horizons Family Solutions by 23.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company’s stock worth $557,959,000 after purchasing an additional 845,391 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in Bright Horizons Family Solutions by 171.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 858,010 shares of the company’s stock worth $106,041,000 after acquiring an additional 541,440 shares during the last quarter. Premier Fund Managers Ltd acquired a new position in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $50,653,000. Goldman Sachs Group Inc. increased its position in Bright Horizons Family Solutions by 149.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company’s stock valued at $78,040,000 after acquiring an additional 367,711 shares during the period. Finally, Nuveen LLC acquired a new stake in Bright Horizons Family Solutions in the first quarter valued at $30,151,000.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total transaction of $108,520.00. Following the transaction, the chief operating officer directly owned 26,449 shares in the company, valued at approximately $2,870,245.48. This trade represents a 3.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM opened at $98.36 on Friday. Bright Horizons Family Solutions Inc. has a fifty-two week low of $91.49 and a fifty-two week high of $132.99. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 32.25 and a beta of 1.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s 50-day simple moving average is $105.54 and its 200 day simple moving average is $115.77.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.57 EPS for the quarter, topping 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 firm had revenue of $802.81 million during the quarter, compared to analyst estimates of $781.16 million. During the same period in the previous year, the company posted $1.11 EPS. The company’s revenue for the quarter 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. As a group, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. 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 report on Friday, October 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $124.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. UBS Group increased their price target on Bright Horizons Family Solutions from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group decreased their price objective on Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.71.

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.