Global Alpha Capital Management Ltd. Sells 2,837 Shares of Bright Horizons Family Solutions Inc. $BFAM

Global Alpha Capital Management Ltd. lowered its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 18.9% in the second quarter, Holdings Channel.com reports. The firm owned 12,193 shares of the company’s stock after selling 2,837 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Bright Horizons Family Solutions were worth $1,507,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares in the last quarter. Twin Tree Management LP purchased a new stake in Bright Horizons Family Solutions in the 1st quarter valued at $29,000. Geneos Wealth Management Inc. raised its position in 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 buying an additional 167 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Bright Horizons Family Solutions during the 1st quarter valued at $65,000. Finally, GAMMA Investing LLC boosted its holdings in Bright Horizons Family Solutions by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock worth $69,000 after acquiring an additional 87 shares during the last quarter.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total value of $108,520.00. Following the sale, the chief operating officer directly owned 26,449 shares in the company, valued at $2,870,245.48. The trade was a 3.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BFAM. Morgan Stanley lowered their target price on shares of Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating for the company in a report on Friday, October 24th. JPMorgan Chase & Co. increased their price objective 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. BMO Capital Markets reissued an “outperform” rating and set a $124.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. Robert W. Baird set a $136.00 target price on Bright Horizons Family Solutions in a research note on Friday, October 31st. Finally, The Goldman Sachs Group decreased their price target on Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 31st. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.71.

Bright Horizons Family Solutions Stock Up 0.5%

BFAM opened at $98.36 on Friday. Bright Horizons Family Solutions Inc. has a twelve month low of $91.49 and a twelve month high of $132.99. The company’s 50-day moving average price is $105.54 and its two-hundred day moving average price is $115.78. 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 quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results 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 net margin of 6.34% and a return on equity of 15.12%. The company had revenue of $802.81 million for the quarter, compared to analysts’ expectations of $781.16 million. During the same quarter in the previous year, the firm posted $1.11 EPS. Bright Horizons Family Solutions’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. As a group, equities analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

About Bright Horizons Family Solutions

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.