Bright Horizons Family Solutions Inc. $BFAM Stake Lowered by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 69.3% during the first quarter, Holdings Channel reports. The firm owned 9,959 shares of the company’s stock after selling 22,478 shares during the period. Lazard Asset Management LLC’s holdings in Bright Horizons Family Solutions were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in BFAM. NewEdge Advisors LLC boosted its position in Bright Horizons Family Solutions by 24.1% during the 1st quarter. NewEdge Advisors LLC now owns 6,750 shares of the company’s stock valued at $858,000 after purchasing an additional 1,312 shares during the period. Goldman Sachs Group Inc. increased its position in Bright Horizons Family Solutions by 149.1% in the first quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company’s stock worth $78,040,000 after buying an additional 367,711 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Bright Horizons Family Solutions by 12.0% in 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 valued at $24,788,000 after buying an additional 20,859 shares during the last quarter. Jane Street Group LLC lifted its stake in Bright Horizons Family Solutions by 646.2% in the first 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 lifted its stake in Bright Horizons Family Solutions by 70.5% in the first 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 last quarter.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.57, for a total value of $90,684.00. Following the completion of the sale, the chief operating officer directly owned 32,145 shares in the company, valued at $2,429,197.65. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is owned by company insiders.

Bright Horizons Family Solutions Stock Down 0.3%

BFAM stock opened at $75.36 on Thursday. The firm’s 50-day moving average is $70.31 and its two-hundred day moving average is $76.05. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.17 and a beta of 1.14. Bright Horizons Family Solutions Inc. has a 52 week low of $57.63 and a 52 week high of $124.25. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.08. Bright Horizons Family Solutions had a net margin of 5.78% and a return on equity of 20.09%. The business had revenue of $779.18 million during the quarter, compared to analysts’ expectations of $774.84 million. During the same period last year, the firm posted $1.07 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2026 guidance at 5.050-5.150 EPS. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 4.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Bright Horizons Family Solutions from $70.00 to $68.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, UBS Group lifted their price target on Bright Horizons Family Solutions from $87.00 to $88.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Hold” and an average target price of $95.88.

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.