Bank of America Corp DE Purchases New Stake in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Bank of America acquired 238,338 Bright Horizons shares in the second quarter, valued at approximately $16.9 million and representing a 0.49% stake. Several other institutional investors also initiated or increased positions.
• Bright Horizons reported quarterly EPS of $1.28, beating consensus by $0.08, while revenue rose 6.4% year over year to $779.18 million. The company issued fiscal 2026 EPS guidance of $5.05 to $5.15.
• BFAM shares opened at $66.22, near the lower end of their 52-week range, while analysts maintained an overall “Hold” rating with a $95.62 consensus price target; company insiders sold 8,900 shares worth about $656,584 over the past 90 days.

Bank of America Corp DE acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 238,338 shares of the company's stock, valued at approximately $16,893,000. Bank of America Corp DE owned 0.49% of Bright Horizons Family Solutions at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AG Campbell Advisory LLC bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at $41,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Bright Horizons Family Solutions in the 2nd quarter worth about $29,000. State of Wyoming purchased a new position in Bright Horizons Family Solutions during the 1st quarter valued at about $60,000. Harvest Fund Management Co. Ltd grew its holdings in Bright Horizons Family Solutions by 499.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 821 shares of the company's stock valued at $83,000 after buying an additional 684 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at about $109,000.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $66.22 on Friday. Bright Horizons Family Solutions Inc. has a 52-week low of $57.63 and a 52-week high of $109.86. The company has a fifty day moving average of $72.06 and a 200-day moving average of $73.00. The company has a market capitalization of $3.22 billion, a P/E ratio of 20.96, a P/E/G ratio of 0.99 and a beta of 1.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.48.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its 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. The business had revenue of $779.18 million for the quarter, compared to analysts' expectations of $774.84 million. Bright Horizons Family Solutions had a return on equity of 20.09% and a net margin of 5.78%.The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. Bright Horizons Family Solutions has set its FY 2026 guidance at 5.050-5.150 EPS. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 4.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Bright Horizons Family Solutions from $68.00 to $66.00 and set an "underweight" rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, July 29th. Finally, UBS Group upped their price target on shares of Bright Horizons Family Solutions from $87.00 to $88.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $95.62.

Insider Buying and Selling

In other news, COO Mary Burke sold 1,200 shares of the company's stock in a transaction 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 owned 30,945 shares of the company's stock, valued at approximately $2,320,875. This represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Tocio sold 6,000 shares of the stock in a transaction 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 in the company, valued at approximately $1,041,001.85. This represents a 29.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 8,900 shares of company stock valued at $656,584. Company insiders own 1.42% of the company's stock.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides employer-sponsored child care and workforce-support services. The company operates early education and preschool centers, offering full-day care and educational programs for infants, toddlers, preschoolers and school-age children. It also provides back-up care services, including center-based and in-home care, to help employees manage disruptions in their regular care arrangements.

In addition to child care, Bright Horizons offers educational advisory services, college and university admissions counseling, and other family-support programs.

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