Perpetual Ltd trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 49.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,051 shares of the company’s stock after selling 5,835 shares during the quarter. Perpetual Ltd’s holdings in Bright Horizons Family Solutions were worth $671,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cerity Partners LLC raised its position in shares of Bright Horizons Family Solutions by 63.0% during the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock worth $4,075,000 after buying an additional 11,236 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Bright Horizons Family Solutions by 560.0% during the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock worth $1,286,000 after purchasing an additional 7,789 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in Bright Horizons Family Solutions during the third quarter worth approximately $13,639,000. Massachusetts Financial Services Co. MA lifted its position in Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in shares of Bright Horizons Family Solutions by 19.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock valued at $30,669,000 after purchasing an additional 35,971 shares during the period.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Friday, November 22nd. Morgan Stanley reduced their price objective on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, December 12th. UBS Group boosted their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. StockNews.com cut shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.25.
Insider Activity
In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.22% of the stock is owned by corporate insiders.
Bright Horizons Family Solutions Trading Down 2.4 %
NYSE BFAM opened at $116.33 on Thursday. The firm’s 50 day moving average price is $112.44 and its two-hundred day moving average price is $124.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a twelve month low of $94.83 and a twelve month high of $141.90. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 58.46 and a beta of 1.44.
Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.23% and a net margin of 4.44%. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.01 EPS for the current year.
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.
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