Legal & General Group Plc acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 121,621 shares of the company's stock, valued at approximately $8,620,000. Legal & General Group Plc owned about 0.25% of Bright Horizons Family Solutions as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of Bright Horizons Family Solutions by 24.1% in the first quarter. NewEdge Advisors LLC now owns 6,750 shares of the company's stock worth $858,000 after purchasing an additional 1,312 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 buying an additional 367,711 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Bright Horizons Family Solutions by 12.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,119 shares of the company's stock valued at $24,788,000 after buying an additional 20,859 shares during the period. Jane Street Group LLC grew its stake in Bright Horizons Family Solutions by 646.2% in the 1st quarter. Jane Street Group LLC now owns 59,643 shares of the company's stock worth $7,577,000 after acquiring an additional 51,650 shares in the last quarter. Finally, Focus Partners Wealth increased its position in shares of Bright Horizons Family Solutions by 70.5% during the first quarter. Focus Partners Wealth now owns 4,516 shares of the company's stock worth $574,000 after acquiring an additional 1,868 shares during the period.
Insiders Place Their Bets
In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,200 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.57, for a total transaction of $90,684.00. Following the sale, the chief operating officer owned 32,145 shares of the company's stock, valued at approximately $2,429,197.65. The trade was a 3.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.42% of the company's stock.
Bright Horizons Family Solutions Stock Down 1.4%
Bright Horizons Family Solutions stock opened at $73.13 on Wednesday. Bright Horizons Family Solutions Inc. has a 1-year low of $57.63 and a 1-year high of $117.30. The business has a fifty day moving average price of $74.08 and a 200-day moving average price of $73.73. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.13 and a beta of 1.15.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.08. Bright Horizons Family Solutions had a return on equity of 20.09% and a net margin of 5.78%.The company had revenue of $779.18 million during the quarter, compared to analysts' expectations of $774.84 million. During the same period last year, the business posted $1.07 earnings per share. The firm's revenue was up 6.4% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2026 guidance at 5.050-5.150 EPS. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 4.7 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently weighed in on BFAM shares. JPMorgan Chase & Co. decreased their price target on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday, May 6th. Morgan Stanley reduced their price objective on Bright Horizons Family Solutions from $70.00 to $68.00 and set an "underweight" rating on the stock in a report on Friday, July 31st. UBS Group lifted their target price on Bright Horizons Family Solutions from $87.00 to $88.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $95.88.
Read Our Latest Stock Report on BFAM
Bright Horizons Family Solutions Company Profile
(
Free Report)
Bright Horizons Family Solutions, Inc NYSE: BFAM is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.
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