Orion Porfolio Solutions LLC Boosts Stock Position in Bright Horizons Family Solutions Inc. $BFAM

Orion Porfolio Solutions LLC lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 84.4% in the second quarter, HoldingsChannel reports. The fund owned 24,623 shares of the company’s stock after acquiring an additional 11,269 shares during the period. Orion Porfolio Solutions LLC’s holdings in Bright Horizons Family Solutions were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Tree Management LP purchased a new position in Bright Horizons Family Solutions during the first quarter valued at approximately $29,000. Geneos Wealth Management Inc. increased its stake 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 purchasing an additional 167 shares in the last quarter. Employees Retirement System of Texas bought a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter valued at $53,000. GAMMA Investing LLC lifted its stake in shares of Bright Horizons Family Solutions by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $69,000 after buying an additional 87 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Bright Horizons Family Solutions in the 2nd quarter worth $70,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Robert W. Baird set a $136.00 price target on Bright Horizons Family Solutions in a research note on Friday, October 31st. The Goldman Sachs Group reduced their price objective on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research report on Monday. Wall Street Zen downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, UBS Group boosted their price target on shares of Bright Horizons Family Solutions from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.29.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm’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 completion of the sale, the chief operating officer owned 26,449 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.21% of the stock is owned by company insiders.

Bright Horizons Family Solutions Stock Down 1.0%

NYSE BFAM opened at $103.47 on Friday. 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 Inc. has a 52 week low of $91.49 and a 52 week high of $132.99. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 1.43 and a beta of 1.41. The company has a fifty day moving average of $100.60 and a two-hundred day moving average of $111.14.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, October 30th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.25. Bright Horizons Family Solutions had a net margin of 6.98% and a return on equity of 17.07%. The firm had revenue of $802.81 million during the quarter, compared to analyst estimates of $781.16 million. During the same quarter last year, the business earned $1.11 EPS. The business’s revenue 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. On average, analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

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.