Fiera Capital Corp Takes Position in Bright Horizons Family Solutions Inc. $BFAM

Fiera Capital Corp bought a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 320,487 shares of the company’s stock, valued at approximately $39,609,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Larson Financial Group LLC lifted its holdings in shares of Bright Horizons Family Solutions by 62.2% during the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock worth $26,000 after acquiring an additional 79 shares during the period. Twin Tree Management LP acquired a new position in Bright Horizons Family Solutions in the first quarter worth about $29,000. Geneos Wealth Management Inc. grew its stake in shares of 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 period. Banque Cantonale Vaudoise acquired a new position in shares of Bright Horizons Family Solutions in the 1st quarter worth approximately $65,000. Finally, GAMMA Investing LLC lifted its position in shares of Bright Horizons Family Solutions by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock worth $69,000 after buying an additional 87 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock opened at $100.18 on Friday. Bright Horizons Family Solutions Inc. has a 1 year low of $91.49 and a 1 year high of $132.99. The firm’s 50 day moving average is $104.21 and its 200-day moving average is $115.24. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 32.85 and a beta of 1.36. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.25. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The business had revenue of $802.81 million during the quarter, compared to analyst estimates of $781.16 million. During the same quarter last year, the business posted $1.11 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 11.6% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. Sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

BFAM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. BMO Capital Markets reissued an “outperform” rating and set a $124.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. UBS Group boosted their price target on shares of Bright Horizons Family Solutions from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Robert W. Baird set a $136.00 price objective on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.71.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total transaction of $108,520.00. Following the completion of the sale, the chief operating officer owned 26,449 shares in the company, valued at $2,870,245.48. The trade was a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.21% of the stock is currently owned by insiders.

About Bright Horizons Family Solutions

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.