Massachusetts Financial Services Co. MA Sells 1,387,374 Shares of Bright Horizons Family Solutions Inc. $BFAM

Massachusetts Financial Services Co. MA decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 56.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,078,762 shares of the company’s stock after selling 1,387,374 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.90% of Bright Horizons Family Solutions worth $117,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Financial Consulate Inc. bought a new stake in Bright Horizons Family Solutions in the third quarter worth $26,000. TruNorth Capital Management LLC bought a new position in Bright Horizons Family Solutions during the third quarter valued at about $28,000. Geneos Wealth Management Inc. lifted its position in shares of Bright Horizons Family Solutions by 98.8% in the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock worth $43,000 after buying an additional 167 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Bright Horizons Family Solutions by 9,075.0% in the third quarter. SJS Investment Consulting Inc. now owns 367 shares of the company’s stock worth $40,000 after buying an additional 363 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth about $53,000.

Bright Horizons Family Solutions Trading Down 3.0%

Shares of BFAM stock opened at $93.31 on Wednesday. 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. The firm’s fifty day simple moving average is $100.79 and its 200 day simple moving average is $107.19. The firm has a market capitalization of $5.28 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.41.

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 company had revenue of $802.81 million for 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%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business posted $1.11 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. As a group, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BFAM. Robert W. Baird set a $136.00 price objective on Bright Horizons Family Solutions in a research note on Friday, October 31st. JPMorgan Chase & Co. upped their target price on Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. Morgan Stanley reduced their price objective on shares of Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating for the company in a research note on Wednesday, December 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $124.00 price objective on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $128.29.

Bright Horizons Family Solutions 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.