Norges Bank Takes Position in Bright Horizons Family Solutions Inc. $BFAM

Norges Bank purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 732,907 shares of the company’s stock, valued at approximately $74,317,000.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Bright Horizons Family Solutions by 24.1% during the first quarter. NewEdge Advisors LLC now owns 6,750 shares of the company’s stock worth $858,000 after acquiring an additional 1,312 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Bright Horizons Family Solutions by 149.1% during the first quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company’s stock worth $78,040,000 after acquiring an additional 367,711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Bright Horizons Family Solutions by 12.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,119 shares of the company’s stock worth $24,788,000 after acquiring an additional 20,859 shares in the last quarter. Jane Street Group LLC raised its holdings in Bright Horizons Family Solutions by 646.2% during the first quarter. Jane Street Group LLC now owns 59,643 shares of the company’s stock worth $7,577,000 after acquiring an additional 51,650 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in Bright Horizons Family Solutions by 70.5% during the first quarter. Focus Partners Wealth now owns 4,516 shares of the company’s stock worth $574,000 after acquiring an additional 1,868 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BFAM shares. Morgan Stanley set a $70.00 target price on Bright Horizons Family Solutions in a report on Friday, February 13th. BMO Capital Markets dropped their target price on Bright Horizons Family Solutions from $124.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Weiss Ratings lowered Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. dropped their target price on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group dropped their price objective on Bright Horizons Family Solutions from $130.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $100.44.

Bright Horizons Family Solutions Stock Performance

BFAM opened at $62.35 on Friday. Bright Horizons Family Solutions Inc. has a 12-month low of $57.63 and a 12-month high of $130.76. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.07 and a beta of 1.18. The business has a 50 day moving average of $74.93 and a 200-day moving average of $85.12. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Bright Horizons Family Solutions had a return on equity of 18.01% and a net margin of 6.35%.The company had revenue of $712.22 million during the quarter, compared to analysts’ expectations of $713.35 million. During the same period last year, the firm posted $0.77 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2026 guidance at 4.900-5.100 EPS. On average, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 4.64 earnings per share for the current year.

About Bright Horizons Family Solutions

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.