Giverny Capital Inc. Purchases 338,464 Shares of Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Giverny Capital increased its Bright Horizons position by 45.6%, purchasing 338,464 shares to hold 1.08 million shares valued at approximately $76.6 million, or 2.22% of BFAM.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $95.88; Morgan Stanley lowered its target to $68 with an underweight rating, while UBS raised its target to $88.
• Bright Horizons exceeded quarterly expectations, reporting $1.28 in EPS and $779.18 million in revenue, with revenue up 6.4% year over year. However, insiders sold 8,900 shares worth $656,584 over the past three months.

Giverny Capital Inc. increased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 45.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,080,793 shares of the company's stock after buying an additional 338,464 shares during the quarter. Bright Horizons Family Solutions accounts for approximately 2.6% of Giverny Capital Inc.'s holdings, making the stock its 17th biggest holding. Giverny Capital Inc. owned about 2.22% of Bright Horizons Family Solutions worth $76,607,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BFAM. Public Employees Retirement System of Ohio increased its position in shares of Bright Horizons Family Solutions by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 18,128 shares of the company's stock valued at $1,968,000 after acquiring an additional 110 shares during the period. Xponance LLC grew its stake in shares of Bright Horizons Family Solutions by 3.9% in the fourth quarter. Xponance LLC now owns 3,686 shares of the company's stock worth $374,000 after purchasing an additional 137 shares during the last quarter. MML Investors Services LLC increased its holdings in Bright Horizons Family Solutions by 1.7% during the 2nd quarter. MML Investors Services LLC now owns 9,098 shares of the company's stock valued at $1,124,000 after purchasing an additional 150 shares during the period. Geneos Wealth Management Inc. raised its position in Bright Horizons Family Solutions by 98.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock valued at $43,000 after purchasing an additional 167 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Bright Horizons Family Solutions by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 26,551 shares of the company's stock worth $3,281,000 after buying an additional 185 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $70.00 to $68.00 and set an "underweight" rating on the stock in a research note on Friday, July 31st. UBS Group raised their price target 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. 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 assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $95.88.

Insider Activity

In related news, COO Mary Burke sold 1,200 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $75.00, for a total transaction 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 $2,320,875. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Tocio sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total transaction of $435,900.00. Following the completion of the transaction, the director owned 14,329 shares of the company's stock, valued at approximately $1,041,001.85. The trade was a 29.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,900 shares of company stock worth $656,584 over the last three months. 1.42% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Stock Down 0.3%

Shares of NYSE:BFAM opened at $70.03 on Monday. The stock has a fifty day simple moving average of $74.25 and a two-hundred day simple moving average of $73.71. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.07 and a beta of 1.15. Bright Horizons Family Solutions Inc. has a 12-month low of $57.63 and a 12-month high of $117.25. The company has a current ratio of 0.48, a quick 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 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 for the quarter, compared to analysts' expectations of $774.84 million. During the same period in the prior year, the firm posted $1.07 earnings per share. The company's quarterly 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. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 4.7 earnings per share for the current fiscal year.

Bright Horizons Family Solutions Company Profile

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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