Bright Horizons Family Solutions Inc. $BFAM Stock Position Lessened by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 51.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 339,137 shares of the company’s stock after selling 361,008 shares during the period. American Century Companies Inc. owned approximately 0.60% of Bright Horizons Family Solutions worth $41,914,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC grew its position in Bright Horizons Family Solutions by 20.7% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 87,934 shares of the company’s stock valued at $10,868,000 after buying an additional 15,069 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Bright Horizons Family Solutions by 116.6% in the 2nd quarter. Franklin Resources Inc. now owns 100,155 shares of the company’s stock worth $12,378,000 after acquiring an additional 53,923 shares during the period. Legal & General Group Plc boosted its holdings in shares of Bright Horizons Family Solutions by 11.9% in the second quarter. Legal & General Group Plc now owns 67,048 shares of the company’s stock valued at $8,286,000 after acquiring an additional 7,155 shares in the last quarter. Magnetar Financial LLC boosted its holdings in shares of Bright Horizons Family Solutions by 775.4% in the second quarter. Magnetar Financial LLC now owns 46,011 shares of the company’s stock valued at $5,686,000 after acquiring an additional 40,755 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Bright Horizons Family Solutions by 8.0% during the second quarter. Swiss National Bank now owns 109,579 shares of the company’s stock valued at $13,543,000 after acquiring an additional 8,100 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $102.76 on Friday. The company’s fifty day moving average is $101.53 and its two-hundred day moving average is $113.44. The company has a market cap of $5.81 billion, a P/E ratio of 33.69 and a beta of 1.36. Bright Horizons Family Solutions Inc. has a 12-month low of $91.49 and a 12-month high of $132.99. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on BFAM. Wall Street Zen upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research report on Monday. BMO Capital Markets restated an “outperform” rating and issued a $124.00 price objective on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Robert W. Baird set a $136.00 target price on Bright Horizons Family Solutions in a research note on Friday, October 31st. Finally, UBS Group lifted their target price on Bright Horizons Family Solutions from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Bright Horizons Family Solutions has an average rating of “Hold” and an average price target of $128.71.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was 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 in the company, valued at $2,870,245.48. This represents a 3.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Company 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.