Meiji Yasuda Asset Management Co Ltd. Decreases Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Meiji Yasuda Asset Management Co Ltd. lowered its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,751 shares of the company’s stock after selling 205 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Bright Horizons Family Solutions were worth $1,404,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BFAM. Brown Brothers Harriman & Co. boosted its holdings in Bright Horizons Family Solutions by 38.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 105,787 shares of the company’s stock worth $9,969,000 after buying an additional 29,417 shares during the period. Lord Abbett & CO. LLC bought a new position in Bright Horizons Family Solutions in the 1st quarter worth approximately $64,735,000. CANADA LIFE ASSURANCE Co boosted its holdings in Bright Horizons Family Solutions by 141.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock worth $1,676,000 after buying an additional 8,666 shares during the period. Norges Bank bought a new position in Bright Horizons Family Solutions in the 4th quarter worth approximately $57,363,000. Finally, M&G Plc bought a new position in Bright Horizons Family Solutions in the 1st quarter worth approximately $27,467,000.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Friday, July 5th. The shares were sold at an average price of $110.20, for a total value of $88,160.00. Following the transaction, the chief operating officer now owns 36,925 shares in the company, valued at approximately $4,069,135. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $130.93, for a total value of $327,325.00. Following the transaction, the director now owns 30,257 shares in the company, valued at $3,961,549.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $110.20, for a total transaction of $88,160.00. Following the completion of the transaction, the chief operating officer now owns 36,925 shares in the company, valued at approximately $4,069,135. The disclosure for this sale can be found here. Insiders have sold a total of 24,635 shares of company stock worth $3,198,948 in the last 90 days. 1.22% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on BFAM shares. The Goldman Sachs Group raised their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Robert W. Baird raised their price target on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised 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 report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus target price of $129.25.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $136.50 on Friday. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $141.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $7.92 billion, a P/E ratio of 96.13 and a beta of 1.48. The company has a fifty day moving average of $131.33 and a 200-day moving average of $117.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. The company had revenue of $670.10 million for the quarter, compared to analysts’ expectations of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current fiscal 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.