Perpetual Ltd Sells 19,169 Shares of Bright Horizons Family Solutions Inc. $BFAM

Perpetual Ltd reduced its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 52.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,626 shares of the company’s stock after selling 19,169 shares during the period. Perpetual Ltd’s holdings in Bright Horizons Family Solutions were worth $1,914,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of Bright Horizons Family Solutions by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 878,059 shares of the company’s stock worth $111,545,000 after purchasing an additional 66,230 shares in the last quarter. Northern Trust Corp boosted its holdings in Bright Horizons Family Solutions by 4.1% in the 1st quarter. Northern Trust Corp now owns 327,078 shares of the company’s stock worth $41,552,000 after buying an additional 13,008 shares during the period. Credit Agricole S A grew its stake in Bright Horizons Family Solutions by 211.0% in the 1st quarter. Credit Agricole S A now owns 8,637 shares of the company’s stock valued at $1,097,000 after buying an additional 5,860 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Bright Horizons Family Solutions by 14.7% during the 1st quarter. Ameriprise Financial Inc. now owns 577,755 shares of the company’s stock valued at $73,398,000 after acquiring an additional 73,845 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Bright Horizons Family Solutions by 8,650.8% during the first quarter. MetLife Investment Management LLC now owns 121,811 shares of the company’s stock worth $15,475,000 after acquiring an additional 120,419 shares in the last quarter.

Analysts Set New Price Targets

BFAM has been the subject of several recent research reports. Robert W. Baird set a $136.00 price target on Bright Horizons Family Solutions in a research report on Friday, October 31st. Zacks Research raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. JPMorgan Chase & Co. upped their price target 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. The Goldman Sachs Group cut their price objective on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $128.29.

Bright Horizons Family Solutions Stock Down 1.7%

BFAM stock opened at $101.68 on Friday. The company’s 50 day moving average is $100.68 and its 200 day moving average is $110.83. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 1.39 and a beta of 1.41. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.52. Bright Horizons Family Solutions Inc. has a 1-year low of $91.49 and a 1-year high of $132.99.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, October 30th. The company reported $1.57 earnings per share (EPS) for the quarter, beating 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 net margin of 6.98% and a return on equity of 17.07%. Bright Horizons Family Solutions’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous 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. Sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,870,245.48. This represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.21% of the company’s stock.

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.