The Manufacturers Life Insurance Company Takes Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Institutional interest increased: The Manufacturers Life Insurance Company opened a 17,085-share position in Bright Horizons Family Solutions worth approximately $1.2 million, while several other institutions also acquired or expanded holdings during the second quarter.
• Analyst sentiment remains mixed: Morgan Stanley cut its price target to $68 and maintained an underweight rating, while UBS raised its target to $88 with a neutral rating. Overall, BFAM has a consensus “Hold” rating and an average target price of $95.88.
• Financial performance exceeded expectations: Bright Horizons reported quarterly EPS of $1.28 versus the $1.20 consensus estimate and revenue of $779.18 million, up 6.4% year over year. Meanwhile, company insiders sold 8,900 shares worth about $656,584 over the past 90 days.

The Manufacturers Life Insurance Company bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,085 shares of the company's stock, valued at approximately $1,211,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Algert Global LLC boosted its holdings in shares of Bright Horizons Family Solutions by 19.8% during the second quarter. Algert Global LLC now owns 265,599 shares of the company's stock worth $18,826,000 after acquiring an additional 43,846 shares during the period. Sanctuary Advisors LLC acquired a new stake in Bright Horizons Family Solutions during the 2nd quarter worth approximately $1,236,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bright Horizons Family Solutions during the 2nd quarter worth approximately $11,779,000. Bank of Nova Scotia bought a new stake in Bright Horizons Family Solutions in the 2nd quarter valued at $3,998,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Bright Horizons Family Solutions in the 2nd quarter valued at $442,000.

Analyst Ratings Changes

Several research firms have weighed in on BFAM. Morgan Stanley lowered their price objective 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. UBS Group upped their price target on shares of Bright Horizons Family Solutions from $87.00 to $88.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Bright Horizons Family Solutions has a consensus rating of "Hold" and an average target price of $95.88.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Tocio sold 6,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $72.65, for a total transaction of $435,900.00. Following the sale, the director directly owned 14,329 shares in the company, valued at $1,041,001.85. This represents a 29.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mary Burke sold 1,200 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer directly owned 30,945 shares in the company, valued at approximately $2,320,875. This represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,900 shares of company stock valued at $656,584 in the last ninety days. 1.42% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $70.03 on Friday. The stock's fifty day moving average price is $74.25 and its two-hundred day moving average price is $73.66. Bright Horizons Family Solutions Inc. has a one year low of $57.63 and a one year high of $117.25. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market cap of $3.41 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15.

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 for the quarter, beating analysts' consensus estimates of $1.20 by $0.08. The firm had revenue of $779.18 million during the quarter, compared to the consensus estimate of $774.84 million. Bright Horizons Family Solutions had a return on equity of 20.09% and a net margin of 5.78%.The company's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 EPS. Bright Horizons Family Solutions has set its FY 2026 guidance at 5.050-5.150 EPS. As a group, research analysts expect that Bright Horizons Family Solutions Inc. will post 4.7 EPS 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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