Access Investment Management LLC Makes New Investment in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Access Investment Management acquired 147,060 Bright Horizons shares worth approximately $9.4 million, giving the firm a 0.30% stake and making BFAM its 14th-largest holding.
• Analyst sentiment remains mixed: four analysts rate the stock Buy, three Hold, and two Sell, resulting in an overall “Hold” rating. Several firms recently lowered their price targets, while the average target stands at $92.
• Bright Horizons recently exceeded quarterly earnings and revenue estimates, reporting $1.28 in EPS and $779.2 million in revenue, up 6.4% year over year; shares opened at $71.39, near their 50- and 200-day moving averages.

Access Investment Management LLC acquired a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 147,060 shares of the company's stock, valued at approximately $9,371,000. Bright Horizons Family Solutions accounts for about 2.4% of Access Investment Management LLC's holdings, making the stock its 14th biggest position. Access Investment Management LLC owned about 0.30% of Bright Horizons Family Solutions at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $3,187,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $11,779,000. Aurora Investment Counsel bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $1,964,000. Bank of America Corp DE bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $16,893,000. Finally, Giverny Capital Inc. boosted its position in shares of Bright Horizons Family Solutions by 45.6% in the 2nd quarter. Giverny Capital Inc. now owns 1,080,793 shares of the company's stock worth $76,607,000 after purchasing an additional 338,464 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley reduced their price objective on Bright Horizons Family Solutions from $66.00 to $64.00 and set an "underweight" rating for the company in a research report on Tuesday, October 13th. Weiss Ratings reissued a "sell (d+)" rating on shares of Bright Horizons Family Solutions in a report on Wednesday, July 29th. BMO Capital Markets dropped their target price on Bright Horizons Family Solutions from $93.00 to $83.00 and set an "outperform" rating on the stock in a report on Monday, October 5th. Finally, UBS Group cut their target price on Bright Horizons Family Solutions from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 14th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $92.00.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Burke sold 1,200 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $75.00, for a total value of $90,000.00. Following the completion of the sale, the chief operating officer directly owned 30,945 shares in the company, valued at $2,320,875. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary Tocio sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $72.65, for a total transaction of $435,900.00. Following the transaction, the director directly owned 14,329 shares of the company's stock, valued at $1,041,001.85. The trade was a 29.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 8,900 shares of company stock valued at $656,584. 1.42% of the stock is owned by insiders.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM opened at $71.39 on Monday. The firm has a market cap of $3.47 billion, a P/E ratio of 22.59, a PEG ratio of 1.09 and a beta of 1.18. Bright Horizons Family Solutions Inc. has a twelve month low of $57.63 and a twelve month high of $109.86. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $68.84 and a 200 day moving average of $71.29.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.20 by $0.08. The business had revenue of $779.18 million for the quarter, compared to the consensus estimate of $774.84 million. Bright Horizons Family Solutions had a return on equity of 20.09% and a net margin of 5.78%. The company's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. Bright Horizons Family Solutions has set its FY 2026 guidance at 5.050-5.150 EPS. As a group, research analysts expect that Bright Horizons Family Solutions Inc. will post 4.70 EPS for the current fiscal year.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides employer-sponsored child care and workplace support services. The company operates early education and preschool centers that serve infants, toddlers, preschoolers and school-age children, with programs designed to support children's development and learning.

Its services also include back-up care for children and other dependents, typically provided through a network of child care centers, in-home caregivers and other providers. Through its Bright Horizons EdAssist Solutions business, the company offers education advising, tuition assistance administration, student loan support and related workforce education services for employers and their employees.

Founded in 1986, Bright Horizons serves families and corporate clients primarily in the United States and also has operations in the United Kingdom and other international markets.

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