Bright Horizons Family Solutions (NYSE:BFAM) Stock Price Up 3.5% – Here’s Why

Bright Horizons Family Solutions Inc. (NYSE:BFAM) shares shot up 3.5% during mid-day trading on Wednesday . The company traded as high as $67.13 and last traded at $67.2650. Approximately 392,238 shares were traded during trading, a decline of 61% from the average daily volume of 995,966 shares. The stock had previously closed at $64.96.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group increased their target price on Bright Horizons Family Solutions from $87.00 to $88.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, July 29th. Finally, Morgan Stanley cut their price target on shares of Bright Horizons Family Solutions from $68.00 to $66.00 and set an “underweight” rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $95.62.

Bright Horizons Family Solutions Trading Up 2.5%

The firm has a market capitalization of $3.24 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 0.97 and a beta of 1.15. The stock has a 50-day simple moving average of $72.40 and a two-hundred day simple moving average of $73.16. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.08. Bright Horizons Family Solutions had a return on equity of 20.09% and a net margin of 5.78%.The business had revenue of $779.18 million for the quarter, compared to the consensus estimate of $774.84 million. During the same quarter in the prior year, the company earned $1.07 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2026 guidance at 5.050-5.150 EPS. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 4.7 earnings per share for the current year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Tocio sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total transaction of $435,900.00. Following the completion of the sale, the director owned 14,329 shares in the company, valued at $1,041,001.85. This represents a 29.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Burke sold 1,200 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $75.00, for a total value of $90,000.00. Following the sale, the chief operating officer directly owned 30,945 shares in the company, valued at $2,320,875. This trade represents a 3.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,900 shares of company stock worth $656,584. Insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bright Horizons Family Solutions in the 2nd quarter worth approximately $11,779,000. Aurora Investment Counsel acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter worth $1,964,000. Squarepoint Ops LLC acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter worth $3,187,000. Fifth Third Bancorp raised its holdings in shares of Bright Horizons Family Solutions by 27,305.7% during the first quarter. Fifth Third Bancorp now owns 177,589 shares of the company’s stock worth $14,585,000 after purchasing an additional 176,941 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Bright Horizons Family Solutions during the second quarter worth $22,078,000.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides employer-sponsored child care and workforce-support services. The company operates early education and preschool centers, offering full-day care and educational programs for infants, toddlers, preschoolers and school-age children. It also provides back-up care services, including center-based and in-home care, to help employees manage disruptions in their regular care arrangements.

In addition to child care, Bright Horizons offers educational advisory services, college and university admissions counseling, and other family-support programs.