Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Free Report)’s share price was up 3.5% on Wednesday. The stock traded as high as $67.13 and last traded at $67.2650. Approximately 392,238 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 995,966 shares. The stock had previously closed at $64.96.
Wall Street Analyst Weigh In
Several research firms have issued reports on BFAM. Weiss Ratings reissued a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, July 29th. Morgan Stanley lowered their price target on Bright Horizons Family Solutions from $68.00 to $66.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, 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 research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $95.62.
Get Our Latest Analysis on Bright Horizons Family Solutions
Bright Horizons Family Solutions Stock Down 0.4%
Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) last issued its quarterly earnings data 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. Bright Horizons Family Solutions had a return on equity of 20.09% and a net margin of 5.78%.The business had revenue of $779.18 million during the quarter, compared to analysts’ expectations of $774.84 million. During the same period in the previous year, the firm posted $1.07 earnings per share. The company’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, equities analysts predict that Bright Horizons Family Solutions Inc. will post 4.7 earnings per share for the current fiscal year.
Insider Transactions at Bright Horizons Family Solutions
In other Bright Horizons Family Solutions news, COO Mary Burke sold 1,200 shares of the business’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 sale, the chief operating officer directly owned 30,945 shares in the company, valued at $2,320,875. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Tocio sold 6,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was 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 position. The SEC filing for this sale provides additional information. Insiders have sold 8,900 shares of company stock worth $656,584 over the last quarter. Insiders own 1.42% of the company’s stock.
Institutional Investors Weigh In On Bright Horizons Family Solutions
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Bright Horizons Family Solutions in the second quarter worth $452,317,000. Goldman Sachs Group Inc. boosted its holdings in Bright Horizons Family Solutions by 23.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,026,442 shares of the company’s stock valued at $306,881,000 after purchasing an additional 582,976 shares during the period. Capital World Investors boosted its holdings in Bright Horizons Family Solutions by 16.9% in the fourth quarter. Capital World Investors now owns 1,779,738 shares of the company’s stock valued at $180,465,000 after purchasing an additional 257,813 shares during the period. Dimensional Fund Advisors LP grew its stake in Bright Horizons Family Solutions by 31.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,334,650 shares of the company’s stock worth $109,611,000 after purchasing an additional 316,919 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in Bright Horizons Family Solutions by 17.5% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,293,146 shares of the company’s stock worth $106,206,000 after purchasing an additional 192,343 shares in the last quarter.
Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions Inc provides employer-sponsored child care and workforce-support services. The company operates early education and preschool centers, offering full-day care and educational programs for infants, toddlers, preschoolers and school-age children. It also provides back-up care services, including center-based and in-home care, to help employees manage disruptions in their regular care arrangements.
In addition to child care, Bright Horizons offers educational advisory services, college and university admissions counseling, and other family-support programs.
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