Bank of Nova Scotia Buys New Shares in Bright Horizons Family Solutions Inc. $BFAM

Bank of Nova Scotia bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,401 shares of the company's stock, valued at approximately $3,998,000. Bank of Nova Scotia owned approximately 0.12% of Bright Horizons Family Solutions as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BFAM. Public Employees Retirement System of Ohio grew its position in Bright Horizons Family Solutions by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,128 shares of the company's stock valued at $1,968,000 after purchasing an additional 110 shares during the period. Xponance LLC increased its stake in Bright Horizons Family Solutions by 3.9% during the 4th quarter. Xponance LLC now owns 3,686 shares of the company's stock valued at $374,000 after purchasing an additional 137 shares in the last quarter. MML Investors Services LLC raised its holdings in Bright Horizons Family Solutions by 1.7% during the second quarter. MML Investors Services LLC now owns 9,098 shares of the company's stock worth $1,124,000 after buying an additional 150 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Bright Horizons Family Solutions by 98.8% during the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock worth $43,000 after buying an additional 167 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Bright Horizons Family Solutions by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 26,551 shares of the company's stock valued at $3,281,000 after buying an additional 185 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BFAM. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, July 29th. UBS Group increased their price target 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. JPMorgan Chase & Co. dropped their price objective on Bright Horizons Family Solutions from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. Finally, Morgan Stanley cut their price objective on shares of 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. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $95.88.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,200 shares of Bright Horizons Family Solutions 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 completion of the sale, the chief operating officer directly owned 32,145 shares in the company, valued at $2,429,197.65. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.42% of the company's stock.

Bright Horizons Family Solutions Stock Down 0.3%

BFAM stock opened at $73.88 on Wednesday. The stock has a fifty day moving average of $73.12 and a 200-day moving average of $74.10. Bright Horizons Family Solutions Inc. has a fifty-two week low of $57.63 and a fifty-two week high of $121.13. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.13 and a beta of 1.14. 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 issued its earnings results on Thursday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.08. Bright Horizons Family Solutions had a net margin of 5.78% and a return on equity of 20.09%. The business had revenue of $779.18 million for the quarter, compared to analysts' expectations of $774.84 million. During the same quarter in the previous year, the firm posted $1.07 EPS. The business's revenue for the quarter 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. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 4.7 earnings per share for the current year.

About Bright Horizons Family Solutions

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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