Public Employees Retirement System of Ohio Purchases Shares of 15,510 Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Public Employees Retirement System of Ohio acquired 15,510 Bright Horizons Family Solutions shares in the second quarter, worth approximately $1.1 million. Several other institutional investors also increased their holdings.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $95.88. Morgan Stanley lowered its target to $68, while UBS raised its target to $88.
• Bright Horizons exceeded quarterly expectations, reporting $1.28 in earnings per share versus the $1.20 consensus and revenue of $779.18 million, up 6.4% year over year. BFAM shares opened at $66.69, near the lower end of their 52-week range.

Public Employees Retirement System of Ohio acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,510 shares of the company's stock, valued at approximately $1,099,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC grew its stake in Bright Horizons Family Solutions by 24.1% during the first quarter. NewEdge Advisors LLC now owns 6,750 shares of the company's stock worth $858,000 after buying an additional 1,312 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 149.1% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Bright Horizons Family Solutions by 12.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,119 shares of the company's stock worth $24,788,000 after purchasing an additional 20,859 shares during the period. Jane Street Group LLC raised its position 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 purchasing an additional 51,650 shares during the period. Finally, Focus Partners Wealth lifted its stake in shares of Bright Horizons Family Solutions by 70.5% during 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 in the last quarter.

Analysts Set New Price Targets

BFAM has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on Bright Horizons Family Solutions from $70.00 to $68.00 and set an "underweight" rating for the company in a report on Friday, July 31st. 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 objective on shares of 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. Four equities 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $95.88.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Burke sold 1,200 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $75.00, for a total value of $90,000.00. Following the completion of the transaction, 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 at 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 value of $435,900.00. Following the transaction, the director owned 14,329 shares of the company's stock, valued at $1,041,001.85. This represents a 29.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,900 shares of company stock worth $656,584 in the last three months. 1.42% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $66.69 on Wednesday. Bright Horizons Family Solutions Inc. has a 52 week low of $57.63 and a 52 week high of $116.98. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 1.07 and a beta of 1.15. The stock has a 50 day moving average of $74.14 and a 200-day moving average of $73.69.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data 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 net margin of 5.78% and a return on equity of 20.09%. The firm had revenue of $779.18 million during the quarter, compared to the consensus estimate of $774.84 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The firm'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, analysts forecast that Bright Horizons Family Solutions Inc. will post 4.7 EPS for the current 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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