Hilltop National Bank Acquires Shares of 1,290 Bright Horizons Family Solutions Inc. $BFAM

Hilltop National Bank bought a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,290 shares of the company’s stock, valued at approximately $159,000.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings 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 worth $26,000 after acquiring an additional 79 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth $29,000. Parallel Advisors LLC raised its stake in shares of Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock worth $41,000 after purchasing an additional 143 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Bright Horizons Family Solutions by 98.8% during the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after buying an additional 167 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in Bright Horizons Family Solutions in the 1st quarter worth about $50,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on BFAM shares. Weiss Ratings restated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research note on Saturday, September 27th. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. Finally, Morgan Stanley cut their target price on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, July 28th. One investment 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 given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.57.

Bright Horizons Family Solutions Stock Down 0.4%

Shares of BFAM stock opened at $106.29 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $139.68. The stock has a market cap of $6.04 billion, a P/E ratio of 34.85 and a beta of 1.33. The company has a 50 day simple moving average of $115.19 and a two-hundred day simple moving average of $119.31.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $0.88 EPS. Bright Horizons Family Solutions’s 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 expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Activity

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated 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 of the company’s stock, valued at $2,870,245.48. The trade was a 3.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,000 shares of company stock worth $597,810 in the last ninety days. Corporate insiders own 1.21% of the company’s stock.

Bright Horizons Family Solutions Company 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.