Principal Financial Group Inc. Lowers Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Principal Financial Group Inc. cut its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,883 shares of the company’s stock after selling 471 shares during the period. Principal Financial Group Inc.’s holdings in Bright Horizons Family Solutions were worth $544,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. OLD National Bancorp IN increased its stake in Bright Horizons Family Solutions by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock worth $443,000 after acquiring an additional 82 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Bright Horizons Family Solutions by 6.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock worth $252,000 after acquiring an additional 119 shares during the last quarter. MJP Associates Inc. ADV increased its stake in Bright Horizons Family Solutions by 7.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock worth $263,000 after acquiring an additional 157 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in 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 last quarter. Finally, Quarry LP increased its stake in Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares during the last quarter.

Bright Horizons Family Solutions Trading Up 1.8 %

NYSE BFAM opened at $113.08 on Monday. Bright Horizons Family Solutions Inc. has a 12-month low of $86.79 and a 12-month high of $141.90. The company has a fifty day simple moving average of $128.51 and a two-hundred day simple moving average of $122.57. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.58 billion, a P/E ratio of 56.82 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group increased their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. The Goldman Sachs Group upped their price target 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. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued 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 price target of $141.50.

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.