732,907 Shares in Bright Horizons Family Solutions Inc. $BFAM Acquired by Norges Bank

Norges Bank bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 732,907 shares of the company’s stock, valued at approximately $74,317,000. Norges Bank owned 1.30% of Bright Horizons Family Solutions at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Signaturefd LLC lifted its position in shares of Bright Horizons Family Solutions by 34.4% during the 4th quarter. Signaturefd LLC now owns 426 shares of the company’s stock worth $43,000 after buying an additional 109 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Bright Horizons Family Solutions by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,128 shares of the company’s stock worth $1,968,000 after buying an additional 110 shares during the period. Cibc World Market Inc. lifted its position in shares of Bright Horizons Family Solutions by 2.2% during the 3rd quarter. Cibc World Market Inc. now owns 6,504 shares of the company’s stock worth $706,000 after buying an additional 137 shares during the period. MML Investors Services LLC lifted its position in shares of Bright Horizons Family Solutions by 1.7% during the 2nd quarter. MML Investors Services LLC now owns 9,098 shares of the company’s stock worth $1,124,000 after buying an additional 150 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after purchasing an additional 167 shares during the last quarter.

Bright Horizons Family Solutions Stock Up 1.3%

NYSE BFAM opened at $62.35 on Friday. The stock has a fifty day moving average of $74.93 and a 200-day moving average of $85.12. The stock has a market capitalization of $3.28 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. Bright Horizons Family Solutions Inc. has a 52 week low of $57.63 and a 52 week high of $130.76. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.46.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Bright Horizons Family Solutions had a return on equity of 18.01% and a net margin of 6.35%.The business had revenue of $712.22 million during the quarter, compared to analysts’ expectations of $713.35 million. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2026 guidance at 4.900-5.100 EPS. On average, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 4.64 EPS for the current year.

Analyst Upgrades and Downgrades

BFAM has been the subject of several research analyst reports. Morgan Stanley set a $70.00 price objective on Bright Horizons Family Solutions in a research report on Friday, February 13th. BMO Capital Markets cut their price objective on 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. Robert W. Baird set a $100.00 price objective on Bright Horizons Family Solutions in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $99.00 price objective on Bright Horizons Family Solutions and gave the company a “hold” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group cut their price objective on 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. Four equities research analysts have rated the stock with a Buy rating, four have given 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 a consensus price target of $100.44.

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.