Palisade Capital Management LP bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 121,268 shares of the company’s stock, valued at approximately $8,595,000. Palisade Capital Management LP owned approximately 0.25% of Bright Horizons Family Solutions as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in 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 purchasing an additional 110 shares during the last quarter. Xponance LLC lifted its position in shares of Bright Horizons Family Solutions by 3.9% during the 4th quarter. Xponance LLC now owns 3,686 shares of the company’s stock worth $374,000 after buying an additional 137 shares during the last quarter. MML Investors Services LLC lifted its position in shares of 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 worth $1,124,000 after buying an additional 150 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after buying an additional 167 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of 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 valued at $3,281,000 after buying an additional 185 shares in the last quarter.
Analyst Ratings Changes
BFAM has been the topic of several research analyst reports. Morgan Stanley cut their price target on shares of 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. Weiss Ratings restated a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, July 29th. UBS Group raised their price objective on Bright Horizons Family Solutions from $87.00 to $88.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their target price on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $95.88.
Bright Horizons Family Solutions Trading Down 0.3%
NYSE BFAM opened at $73.88 on Wednesday. The firm’s fifty day moving average is $73.12 and its two-hundred day moving average is $74.10. Bright Horizons Family Solutions Inc. has a one year low of $57.63 and a one year high of $121.13. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market cap of $3.59 billion, a PE ratio of 23.38, a P/E/G ratio of 1.13 and a beta of 1.14.
Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.08. The firm had revenue of $779.18 million for the quarter, compared to analyst estimates of $774.84 million. Bright Horizons Family Solutions had a return on equity of 20.09% and a net margin of 5.78%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.07 earnings per share. Bright Horizons Family Solutions has set its FY 2026 guidance at 5.050-5.150 EPS. Analysts expect that Bright Horizons Family Solutions Inc. will post 4.7 earnings per share for the current year.
Insider Buying and Selling at Bright Horizons Family Solutions
In other news, COO Mary Lou Burke sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.57, for a total value of $90,684.00. Following the transaction, the chief operating officer owned 32,145 shares of the company’s stock, valued at approximately $2,429,197.65. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.42% of the company’s stock.
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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