Truist Financial Corp Has $4.12 Million Position in Bright Horizons Family Solutions Inc. $BFAM

Truist Financial Corp lowered its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 42.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 40,667 shares of the company’s stock after selling 29,533 shares during the period. Truist Financial Corp’s holdings in Bright Horizons Family Solutions were worth $4,124,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BFAM. NewEdge Advisors LLC raised its holdings in shares of Bright Horizons Family Solutions by 24.1% in the 1st quarter. NewEdge Advisors LLC now owns 6,750 shares of the company’s stock worth $858,000 after buying an additional 1,312 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Bright Horizons Family Solutions by 149.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company’s stock worth $78,040,000 after purchasing an additional 367,711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Bright Horizons Family Solutions by 12.0% in the 1st 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 boosted its position in Bright Horizons Family Solutions by 646.2% in the 1st quarter. Jane Street Group LLC now owns 59,643 shares of the company’s stock valued at $7,577,000 after buying an additional 51,650 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Bright Horizons Family Solutions by 70.5% in the 1st quarter. Focus Partners Wealth now owns 4,516 shares of the company’s stock valued at $574,000 after buying an additional 1,868 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BFAM. Robert W. Baird set a $100.00 target price on Bright Horizons Family Solutions in a research report on Friday, February 13th. The Goldman Sachs Group lowered their price target on shares of Bright Horizons Family Solutions from $130.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Morgan Stanley set a $70.00 price objective on shares of Bright Horizons Family Solutions in a research note on Friday, February 13th. BMO Capital Markets dropped their target price on shares of Bright Horizons Family Solutions from $124.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. cut their target price on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $100.44.

Bright Horizons Family Solutions Trading Down 2.2%

Shares of NYSE:BFAM opened at $69.01 on Tuesday. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.21 and a beta of 1.28. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. Bright Horizons Family Solutions Inc. has a 12 month low of $63.68 and a 12 month high of $132.99. The company’s fifty day simple moving average is $79.31 and its 200 day simple moving average is $89.64.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $712.22 million for the quarter, compared to the consensus estimate of $713.35 million. Bright Horizons Family Solutions had a return on equity of 17.22% and a net margin of 6.35%.The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. Bright Horizons Family Solutions has set its FY 2026 guidance at 4.900-5.100 EPS. As a group, research analysts forecast that Bright Horizons Family Solutions Inc. will post 4.66 EPS for the current fiscal year.

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.