Swiss National Bank Has $13.54 Million Stake in Bright Horizons Family Solutions Inc. $BFAM

Swiss National Bank lifted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,579 shares of the company’s stock after acquiring an additional 8,100 shares during the quarter. Swiss National Bank owned approximately 0.19% of Bright Horizons Family Solutions worth $13,543,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BFAM. Cetera Investment Advisers raised its position in Bright Horizons Family Solutions by 13.8% in the 1st quarter. Cetera Investment Advisers now owns 6,175 shares of the company’s stock valued at $784,000 after purchasing an additional 749 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bright Horizons Family Solutions by 3.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,595 shares of the company’s stock valued at $1,727,000 after buying an additional 447 shares in the last quarter. LPL Financial LLC increased its stake in shares of Bright Horizons Family Solutions by 16.8% in the first quarter. LPL Financial LLC now owns 46,787 shares of the company’s stock valued at $5,944,000 after buying an additional 6,719 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Bright Horizons Family Solutions in the first quarter valued at about $65,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Bright Horizons Family Solutions by 349.7% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 733 shares of the company’s stock worth $93,000 after buying an additional 570 shares in the last quarter.

Analyst Upgrades and Downgrades

BFAM has been the subject of several research reports. Robert W. Baird set a $136.00 price objective on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. BMO Capital Markets reissued an “outperform” rating and issued a $124.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Morgan Stanley reduced their price objective on Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating on the stock in a report on Friday, October 24th. Wall Street Zen upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, The Goldman Sachs Group dropped their target price on 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. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $128.71.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock opened at $102.53 on Friday. The firm has a fifty day moving average of $101.65 and a two-hundred day moving average of $113.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 33.62 and a beta of 1.36. Bright Horizons Family Solutions Inc. has a 52 week low of $91.49 and a 52 week high of $132.99.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results 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 analyst estimates of $781.16 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Activity

In other news, COO Mary Lou Burke sold 1,000 shares of the company’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 completion of the sale, the chief operating officer directly owned 26,449 shares of the company’s stock, valued at $2,870,245.48. This represents a 3.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.21% of the company’s stock.

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.