Point72 DIFC Ltd Makes New $567,000 Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Point72 DIFC Ltd bought a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,049 shares of the company’s stock, valued at approximately $567,000.

A number of other institutional investors have also recently made changes to their positions in the business. Cerity Partners LLC raised its stake in shares of Bright Horizons Family Solutions by 63.0% in the third quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock valued at $4,075,000 after acquiring an additional 11,236 shares during the period. TimesSquare Capital Management LLC bought a new position in Bright Horizons Family Solutions during the 3rd quarter valued at about $13,639,000. Massachusetts Financial Services Co. MA raised its position in Bright Horizons Family Solutions by 15.4% in the 3rd 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. Brown Brothers Harriman & Co. lifted its stake in Bright Horizons Family Solutions by 19.7% in the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock worth $30,669,000 after purchasing an additional 35,971 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after buying an additional 51,024 shares during the period.

Bright Horizons Family Solutions Price Performance

NYSE BFAM opened at $115.11 on Friday. The company has a market cap of $6.70 billion, a PE ratio of 57.84 and a beta of 1.43. The firm’s 50 day moving average price is $123.96 and its 200-day moving average price is $122.67. 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 52-week low of $87.82 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results 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. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. During the same quarter last year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BFAM. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Friday, November 22nd. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. upped their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, UBS Group upped 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 research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is owned by company insiders.

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.