Bright Horizons Family Solutions Inc. $BFAM Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC reduced its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 563,125 shares of the company’s stock after selling 25,011 shares during the period. Stephens Investment Management Group LLC owned 0.99% of Bright Horizons Family Solutions worth $61,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BFAM. Norges Bank acquired a new position in Bright Horizons Family Solutions during the second quarter worth $87,648,000. Conestoga Capital Advisors LLC raised its holdings in shares of Bright Horizons Family Solutions by 171.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 858,010 shares of the company’s stock worth $106,041,000 after acquiring an additional 541,440 shares during the period. M&G PLC raised its holdings in shares of Bright Horizons Family Solutions by 246.4% during the 2nd quarter. M&G PLC now owns 690,022 shares of the company’s stock worth $85,563,000 after acquiring an additional 490,814 shares during the period. Goldman Sachs Group Inc. boosted its position 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 during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Bright Horizons Family Solutions by 330.3% in the second quarter. Qube Research & Technologies Ltd now owns 430,388 shares of the company’s stock valued at $53,192,000 after purchasing an additional 330,377 shares during the period.

Analyst Ratings Changes

A number of brokerages have commented on BFAM. The Goldman Sachs Group reduced their target price on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. Robert W. Baird set a $136.00 price objective on Bright Horizons Family Solutions in a report on Friday, October 31st. Wall Street Zen cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Finally, UBS Group upped their price target on Bright Horizons Family Solutions from $112.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $128.29.

Bright Horizons Family Solutions Stock Down 0.9%

Shares of NYSE BFAM opened at $96.16 on Friday. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.18 and a beta of 1.41. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.52. Bright Horizons Family Solutions Inc. has a 52-week low of $91.49 and a 52-week high of $132.99. The business’s 50 day moving average is $101.00 and its two-hundred day moving average is $107.75.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.32 by $0.25. The business had revenue of $802.81 million during the quarter, compared to analyst estimates of $781.16 million. Bright Horizons Family Solutions had a return on equity of 17.07% and a net margin of 6.98%.The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business posted $1.11 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 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.