20,388 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,388 shares of the company’s stock, valued at approximately $2,857,000.

A number of other institutional investors have also bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in shares of Bright Horizons Family Solutions by 15.0% during the 1st quarter. BNP Paribas Financial Markets now owns 8,817 shares of the company’s stock valued at $999,000 after acquiring an additional 1,147 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Bright Horizons Family Solutions by 3.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 65,120 shares of the company’s stock worth $7,382,000 after buying an additional 2,440 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Bright Horizons Family Solutions by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock valued at $607,242,000 after buying an additional 29,942 shares during the period. Mirova raised its position in shares of Bright Horizons Family Solutions by 6.5% during the 1st quarter. Mirova now owns 22,868 shares of the company’s stock valued at $2,592,000 after buying an additional 1,403 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Bright Horizons Family Solutions by 7.0% in the first quarter. Bessemer Group Inc. now owns 222,061 shares of the company’s stock valued at $25,173,000 after acquiring an additional 14,527 shares during the last quarter.

Bright Horizons Family Solutions Stock Down 2.8 %

Shares of NYSE BFAM opened at $104.00 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.56. The firm’s 50-day moving average is $131.45 and its two-hundred day moving average is $122.50. Bright Horizons Family Solutions Inc. has a 12-month low of $85.95 and a 12-month high of $141.90. The company has a market capitalization of $6.05 billion, a PE ratio of 52.26 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the transaction, the chief operating officer now directly owns 31,825 shares of the company’s stock, valued at $4,476,186.25. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.22% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on BFAM. Robert W. Baird raised their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Barclays boosted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. The Goldman Sachs Group increased their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, UBS Group boosted their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $141.13.

Bright Horizons Family Solutions 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.