Bright Horizons Family Solutions Inc. $BFAM Holdings Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,387 shares of the company’s stock after selling 10,847 shares during the period. Bank of New York Mellon Corp owned approximately 0.35% of Bright Horizons Family Solutions worth $24,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in Bright Horizons Family Solutions by 62.2% during the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock valued at $26,000 after acquiring an additional 79 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of Bright Horizons Family Solutions during the first quarter worth approximately $29,000. Geneos Wealth Management Inc. grew its position in Bright Horizons Family Solutions by 98.8% during the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after purchasing an additional 167 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Bright Horizons Family Solutions in the 1st quarter valued at approximately $65,000. Finally, GAMMA Investing LLC increased its stake in Bright Horizons Family Solutions by 18.3% in the 2nd quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $69,000 after buying an additional 87 shares during the period.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total value of $108,520.00. Following the transaction, the chief operating officer owned 26,449 shares of the company’s stock, valued at $2,870,245.48. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.21% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Price Performance

NYSE BFAM opened at $99.67 on Friday. Bright Horizons Family Solutions Inc. has a fifty-two week low of $91.49 and a fifty-two week high of $132.99. The stock’s 50-day moving average is $103.87 and its two-hundred day moving average is $115.04. The firm has a market cap of $5.64 billion, a P/E ratio of 32.68 and a beta of 1.36. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.25. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The business had revenue of $802.81 million for the quarter, compared to analyst estimates of $781.16 million. During the same quarter in the prior year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. On average, analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BFAM has been the subject of a number of research reports. UBS Group lifted their target price on shares of 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Bright Horizons Family Solutions from $156.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Robert W. Baird set a $136.00 target price on Bright Horizons Family Solutions in a research report on Friday, October 31st. Finally, Morgan Stanley cut their price target on Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating for the company in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $128.71.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.