Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 91.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,003 shares of the company’s stock after purchasing an additional 3,830 shares during the period. Bright Horizons Family Solutions makes up about 0.4% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 27th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Bright Horizons Family Solutions were worth $881,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MJP Associates Inc. ADV increased its position in Bright Horizons Family Solutions by 7.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock worth $263,000 after purchasing an additional 157 shares during the period. SYSTM Wealth Solutions LLC grew its holdings in shares of Bright Horizons Family Solutions by 7.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock worth $262,000 after acquiring an additional 164 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares during the period. Everpar Advisors LLC grew its holdings in shares of Bright Horizons Family Solutions by 6.7% in the 2nd quarter. Everpar Advisors LLC now owns 2,979 shares of the company’s stock worth $328,000 after acquiring an additional 186 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Bright Horizons Family Solutions by 2.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock worth $1,082,000 after acquiring an additional 215 shares during the period.

Bright Horizons Family Solutions Trading Down 1.2 %

Shares of Bright Horizons Family Solutions stock opened at $136.59 on Thursday. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $141.90. The firm has a market cap of $7.92 billion, a PE ratio of 96.19 and a beta of 1.48. The business’s fifty day moving average is $130.83 and its two-hundred day moving average is $116.99. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The company had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. During the same quarter in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Analysts Set New Price Targets

BFAM has been the topic of a number of research reports. BMO Capital Markets upped their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays upped their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Robert W. Baird increased their target price on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Hold” and a consensus price target of $129.25.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $110.20, for a total transaction of $88,160.00. Following the transaction, the chief operating officer now owns 36,925 shares of the company’s stock, valued at approximately $4,069,135. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $110.20, for a total value of $88,160.00. Following the transaction, the chief operating officer now directly owns 36,925 shares of the company’s stock, valued at approximately $4,069,135. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel John Guy Casagrande sold 4,235 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.86, for a total value of $549,957.10. Following the completion of the transaction, the general counsel now directly owns 13,677 shares in the company, valued at $1,776,095.22. The disclosure for this sale can be found here. Insiders have sold a total of 24,635 shares of company stock valued at $3,198,948 in the last quarter. 1.22% of the stock is currently owned by company insiders.

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.