William Blair Investment Management LLC decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,129,039 shares of the company’s stock after selling 136,079 shares during the period. William Blair Investment Management LLC owned approximately 2.00% of Bright Horizons Family Solutions worth $114,485,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in BFAM. NewEdge Advisors LLC lifted its stake in Bright Horizons Family Solutions by 24.1% during the first quarter. NewEdge Advisors LLC now owns 6,750 shares of the company’s stock worth $858,000 after purchasing an additional 1,312 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 increased its holdings in shares of 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 worth $24,788,000 after buying an additional 20,859 shares during the period. Jane Street Group LLC increased its holdings in shares of 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 worth $7,577,000 after buying an additional 51,650 shares during the period. Finally, Focus Partners Wealth increased its holdings in shares of Bright Horizons Family Solutions by 70.5% in the first quarter. Focus Partners Wealth now owns 4,516 shares of the company’s stock worth $574,000 after buying an additional 1,868 shares during the period.
Bright Horizons Family Solutions Stock Up 0.5%
Shares of NYSE:BFAM opened at $67.87 on Friday. Bright Horizons Family Solutions Inc. has a 1 year low of $63.68 and a 1 year high of $132.99. The company has a market cap of $3.57 billion, a PE ratio of 20.44, a P/E/G ratio of 1.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.46. The stock’s 50-day moving average is $77.85 and its 200 day moving average is $87.73.
Wall Street Analyst Weigh In
BFAM has been the topic of several analyst reports. UBS Group decreased their price objective on Bright Horizons Family Solutions from $93.00 to $88.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group decreased their price objective on Bright Horizons Family Solutions from $130.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Weiss Ratings downgraded Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price objective on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Morgan Stanley set a $70.00 price objective on Bright Horizons Family Solutions in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Hold” and an average target price of $100.44.
Get Our Latest Stock Analysis on Bright Horizons Family Solutions
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.
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