Algert Global LLC increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 19.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 265,599 shares of the company's stock after acquiring an additional 43,846 shares during the period. Algert Global LLC owned about 0.55% of Bright Horizons Family Solutions worth $18,826,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in BFAM. NewEdge Advisors LLC lifted its holdings in Bright Horizons Family Solutions by 24.1% during the 1st quarter. NewEdge Advisors LLC now owns 6,750 shares of the company's stock worth $858,000 after buying an additional 1,312 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Bright Horizons Family Solutions by 149.1% during the first quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company's stock valued at $78,040,000 after acquiring an additional 367,711 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Bright Horizons Family Solutions by 12.0% in the first 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 acquiring an additional 20,859 shares during the last quarter. Jane Street Group LLC boosted its holdings in Bright Horizons Family Solutions by 646.2% in the first quarter. Jane Street Group LLC now owns 59,643 shares of the company's stock valued at $7,577,000 after acquiring an additional 51,650 shares during the last quarter. Finally, Focus Partners Wealth increased its position in Bright Horizons Family Solutions by 70.5% in the first quarter. Focus Partners Wealth now owns 4,516 shares of the company's stock worth $574,000 after purchasing an additional 1,868 shares during the period.
Bright Horizons Family Solutions Trading Up 1.8%
Shares of NYSE:BFAM opened at $74.19 on Tuesday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.11 and a beta of 1.14. Bright Horizons Family Solutions Inc. has a 12 month low of $57.63 and a 12 month high of $123.76. The company's fifty day simple moving average is $72.94 and its 200 day simple moving average is $74.21. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.14.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $779.18 million during the quarter, compared to analysts' expectations of $774.84 million. During the same quarter in the prior year, the company earned $1.07 EPS. The company's revenue was up 6.4% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2026 guidance at 5.050-5.150 EPS. As a group, 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 brokerages recently weighed in on BFAM. JPMorgan Chase & Co. cut their price objective on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Wednesday, May 6th. Weiss Ratings reissued a "sell (d+)" rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, July 29th. Morgan Stanley reduced their price target on Bright Horizons Family Solutions from $70.00 to $68.00 and set an "underweight" rating on the stock in a research report on Friday, July 31st. Finally, UBS Group lifted their price objective on Bright Horizons Family Solutions from $87.00 to $88.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Four investment 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 MarketBeat.com, the company has an average rating of "Hold" and an average target price of $95.88.
View Our Latest Research Report on BFAM
Insider Buying and Selling
In related news, COO Mary Lou Burke sold 1,200 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $75.57, for a total value of $90,684.00. Following the completion of the transaction, the chief operating officer owned 32,145 shares of the company's stock, valued at approximately $2,429,197.65. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.42% of the company's stock.
About Bright Horizons Family Solutions
(
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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