Bright Horizons Family Solutions Inc. $BFAM Shares Purchased by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 880,580 shares of the company’s stock after purchasing an additional 22,570 shares during the period. Bright Horizons Family Solutions makes up 1.5% of Conestoga Capital Advisors LLC’s holdings, making the stock its 29th biggest holding. Conestoga Capital Advisors LLC owned 1.55% of Bright Horizons Family Solutions worth $95,605,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BFAM. Financial Consulate Inc. purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at approximately $26,000. TruNorth Capital Management LLC acquired a new stake in Bright Horizons Family Solutions during the third quarter worth $28,000. Geneos Wealth Management Inc. raised its position in Bright Horizons Family Solutions by 98.8% in 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 during the period. SJS Investment Consulting Inc. raised its position in Bright Horizons Family Solutions by 9,075.0% in the third quarter. SJS Investment Consulting Inc. now owns 367 shares of the company’s stock valued at $40,000 after purchasing an additional 363 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in shares of Bright Horizons Family Solutions in the 2nd quarter valued at $53,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BFAM. Wall Street Zen lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. UBS Group boosted their price target 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. JPMorgan Chase & Co. upped their price objective on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. Finally, Robert W. Baird set a $136.00 price target on Bright Horizons Family Solutions in a research note on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $128.29.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $102.55 on Monday. Bright Horizons Family Solutions Inc. has a fifty-two week low of $91.49 and a fifty-two week high of $132.99. The firm’s 50 day moving average price is $101.24 and its 200 day moving average price is $108.38. The company has a market cap of $5.80 billion, a P/E ratio of 29.47, a PEG ratio of 1.25 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 (NYSE:BFAM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.32 by $0.25. Bright Horizons Family Solutions had a net margin of 6.98% and a return on equity of 17.07%. The company had revenue of $802.81 million during the quarter, compared to analysts’ expectations of $781.16 million. During the same quarter last year, the company posted $1.11 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Bright Horizons Family Solutions 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.