Oak Thistle LLC Raises Stake in Bright Horizons Family Solutions Inc. $BFAM

Oak Thistle LLC increased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 40.5% during the third quarter, Holdings Channel reports. The institutional investor owned 16,876 shares of the company’s stock after acquiring an additional 4,862 shares during the period. Oak Thistle LLC’s holdings in Bright Horizons Family Solutions were worth $1,832,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Bright Horizons Family Solutions by 11.0% during the 1st quarter. Royal Bank of Canada now owns 187,806 shares of the company’s stock worth $23,859,000 after buying an additional 18,630 shares during the last quarter. MetLife Investment Management LLC grew its stake in Bright Horizons Family Solutions by 8,650.8% in the 1st quarter. MetLife Investment Management LLC now owns 121,811 shares of the company’s stock valued at $15,475,000 after acquiring an additional 120,419 shares during the last quarter. Northern Trust Corp increased its holdings in Bright Horizons Family Solutions by 4.1% during the 1st quarter. Northern Trust Corp now owns 327,078 shares of the company’s stock valued at $41,552,000 after acquiring an additional 13,008 shares in the last quarter. Strs Ohio acquired a new position in Bright Horizons Family Solutions during the first quarter worth about $1,244,000. Finally, Versor Investments LP purchased a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $464,000.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. BMO Capital Markets reiterated an “outperform” rating and set a $124.00 target price on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Robert W. Baird set a $136.00 price target on Bright Horizons Family Solutions in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research report on Monday. Finally, UBS Group lifted their price objective on Bright Horizons Family Solutions from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.29.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm’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 sale, the chief operating officer directly owned 26,449 shares of the company’s stock, valued at approximately $2,870,245.48. This trade represents a 3.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.21% of the company’s stock.

Bright Horizons Family Solutions Trading Up 0.5%

Shares of BFAM opened at $104.59 on Thursday. The stock has a fifty day moving average of $100.47 and a two-hundred day moving average of $111.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $5.91 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.41. Bright Horizons Family Solutions Inc. has a fifty-two week low of $91.49 and a fifty-two week high of $132.99.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.25. The business had revenue of $802.81 million for the quarter, compared to analysts’ expectations of $781.16 million. Bright Horizons Family Solutions had a return on equity of 17.07% and a net margin of 6.98%.The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. As a group, analysts forecast 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 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.