FDx Advisors Inc. Purchases 270 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Posted by Defense World Staff on May 22nd, 2023

FDx Advisors Inc. increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Rating) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,819 shares of the company’s stock after purchasing an additional 270 shares during the period. FDx Advisors Inc.’s holdings in Bright Horizons Family Solutions were worth $683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. bought a new stake in Bright Horizons Family Solutions in the 1st quarter valued at $213,000. American Century Companies Inc. increased its holdings in Bright Horizons Family Solutions by 9.6% in the 1st quarter. American Century Companies Inc. now owns 1,885 shares of the company’s stock valued at $250,000 after acquiring an additional 165 shares during the last quarter. Citigroup Inc. increased its holdings in Bright Horizons Family Solutions by 70.4% in the 1st quarter. Citigroup Inc. now owns 9,624 shares of the company’s stock valued at $1,277,000 after acquiring an additional 3,975 shares during the last quarter. MetLife Investment Management LLC bought a new stake in Bright Horizons Family Solutions in the 1st quarter valued at $444,000. Finally, Raymond James Trust N.A. increased its holdings in Bright Horizons Family Solutions by 12.5% in the 1st quarter. Raymond James Trust N.A. now owns 3,972 shares of the company’s stock valued at $527,000 after acquiring an additional 440 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $87.00 on Monday. Bright Horizons Family Solutions Inc. has a 12 month low of $54.19 and a 12 month high of $94.89. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $79.71 and a 200 day moving average price of $75.17. The stock has a market cap of $5.03 billion, a PE ratio of 73.73 and a beta of 1.22.

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. The company had revenue of $529.52 million during the quarter, compared to analysts’ expectations of $528.43 million. Bright Horizons Family Solutions had a net margin of 3.28% and a return on equity of 12.08%. Equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.4 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on BFAM shares. TheStreet upgraded shares of Bright Horizons Family Solutions from a “d+” rating to a “c-” rating in a report on Monday, January 30th. BMO Capital Markets reduced their target price on shares of Bright Horizons Family Solutions from $84.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. The Goldman Sachs Group reduced their target price on shares of Bright Horizons Family Solutions from $94.00 to $82.00 and set a “buy” rating on the stock in a report on Friday, February 17th. Citigroup downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $101.00 in a report on Friday, May 12th. Finally, StockNews.com initiated coverage on shares of Bright Horizons Family Solutions in a report on Thursday. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $78.43.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $90.54, for a total value of $905,400.00. Following the completion of the sale, the director now owns 55,768 shares of the company’s stock, valued at approximately $5,049,234.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mary Ann Tocio sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $90.54, for a total transaction of $905,400.00. Following the completion of the transaction, the director now owns 55,768 shares in the company, valued at approximately $5,049,234.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Howard Kramer sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $84.38, for a total transaction of $421,900.00. Following the transaction, the chief executive officer now owns 147,993 shares of the company’s stock, valued at approximately $12,487,649.34. The disclosure for this sale can be found here. Insiders sold a total of 27,480 shares of company stock valued at $2,450,769 in the last three months. Company insiders own 1.20% of the company’s stock.

Bright Horizons Family Solutions Profile

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Bright Horizons Family Solutions, Inc engages in the provision of child care and early education, dependent care, and workforce education services. It operates through the following segments: Full-Service Center-Based Child Care, Back-Up Care Services, Educational Advisory and Other Services. The Full-Service Center-Based Child Care segment consists of traditional center-based child care and early education, preschool, and elementary education.