Lord Abbett & CO. LLC Sells 1,917 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Lord Abbett & CO. LLC lowered its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,653 shares of the company’s stock after selling 1,917 shares during the period. Lord Abbett & CO. LLC owned about 0.50% of Bright Horizons Family Solutions worth $40,589,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cerity Partners LLC grew its holdings in shares of Bright Horizons Family Solutions by 63.0% in the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock worth $4,075,000 after purchasing an additional 11,236 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $13,639,000. Massachusetts Financial Services Co. MA raised its stake in shares of Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after buying an additional 423,456 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings 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 valued at $30,669,000 after buying an additional 35,971 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of 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 during the period.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now directly owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BFAM. Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday. The Goldman Sachs Group raised their price objective on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. UBS Group lifted their price objective on shares of 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. 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 report on Friday, November 22nd. Finally, BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $137.00 to $125.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.75.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock opened at $109.72 on Friday. Bright Horizons Family Solutions Inc. has a twelve month low of $88.58 and a twelve month high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $121.29 and a 200 day simple moving average of $122.90. The company has a market cap of $6.38 billion, a P/E ratio of 55.14 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly 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 net margin of 4.44% and a return on equity of 13.23%. The company had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same period in the previous year, the firm posted $0.78 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3.01 EPS for the current fiscal year.

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.