Teacher Retirement System of Texas Has $2.77 Million Holdings in Bright Horizons Family Solutions Inc. $BFAM

Teacher Retirement System of Texas lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 18.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,447 shares of the company’s stock after buying an additional 3,450 shares during the quarter. Teacher Retirement System of Texas’ holdings in Bright Horizons Family Solutions were worth $2,774,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Impax Asset Management Group plc grew its position in Bright Horizons Family Solutions by 13.8% during the 1st quarter. Impax Asset Management Group plc now owns 29,044 shares of the company’s stock worth $3,690,000 after acquiring an additional 3,514 shares during the last quarter. Stephens Investment Management Group LLC grew its position in Bright Horizons Family Solutions by 9.9% during the 1st quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company’s stock worth $77,855,000 after acquiring an additional 55,115 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Bright Horizons Family Solutions by 5.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 317,822 shares of the company’s stock worth $40,376,000 after acquiring an additional 16,805 shares during the last quarter. LPL Financial LLC grew its position in Bright Horizons Family Solutions by 16.8% during the 1st quarter. LPL Financial LLC now owns 46,787 shares of the company’s stock worth $5,944,000 after acquiring an additional 6,719 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Bright Horizons Family Solutions by 11.0% during the 1st quarter. Royal Bank of Canada now owns 187,806 shares of the company’s stock worth $23,859,000 after acquiring an additional 18,630 shares during the last quarter.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the transaction, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. This trade represents a 14.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total value of $108,520.00. Following the completion of the transaction, the chief operating officer owned 26,449 shares in the company, valued at $2,870,245.48. This represents a 3.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.21% of the stock is owned by company insiders.

Bright Horizons Family Solutions Stock Up 18.6%

NYSE:BFAM opened at $109.41 on Monday. Bright Horizons Family Solutions Inc. has a 12-month low of $91.49 and a 12-month high of $135.77. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $6.22 billion, a P/E ratio of 35.87 and a beta of 1.33. The stock’s fifty day simple moving average is $107.39 and its 200-day simple moving average is $116.31.

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. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The business had revenue of $802.81 million for the quarter, compared to analyst estimates of $781.16 million. During the same period last year, the company earned $1.11 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

BFAM has been the topic of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating and set a $124.00 price target on shares of Bright Horizons Family Solutions in a research report on Friday. UBS Group increased their price objective on Bright Horizons Family Solutions from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. Robert W. Baird set a $136.00 price objective on Bright Horizons Family Solutions in a research report on Friday. Finally, Morgan Stanley decreased their price objective on Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating on the stock in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.71.

Bright Horizons Family Solutions Company Profile

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.