Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,294 shares of the company’s stock after selling 125 shares during the period. Victory Capital Management Inc.’s holdings in Bright Horizons Family Solutions were worth $1,022,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. OLD National Bancorp IN boosted its position in shares of Bright Horizons Family Solutions by 2.7% during the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock worth $443,000 after buying an additional 82 shares during the period. EverSource Wealth Advisors LLC lifted its position in Bright Horizons Family Solutions by 6.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 119 shares during the period. MJP Associates Inc. ADV lifted its position in Bright Horizons Family Solutions by 7.0% in the second 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. Daiwa Securities Group Inc. lifted its position in Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares during the period. Finally, Quarry LP lifted its position in Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares during the period.

Bright Horizons Family Solutions Price Performance

NYSE BFAM opened at $115.25 on Thursday. The stock has a market capitalization of $6.71 billion, a P/E ratio of 57.85 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 1 year low of $86.79 and a 1 year high of $141.90. The business’s fifty day moving average is $127.54 and its two-hundred day moving average is $122.60. 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 (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 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 the consensus estimate of $713.16 million. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 11.3% on a year-over-year basis. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the sale, the chief operating officer now directly owns 31,825 shares of the company’s stock, valued at $4,476,186.25. The trade was a 2.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.22% of the company’s stock.

Analyst Upgrades and Downgrades

BFAM has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their target price on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 5th. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a research report 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. Finally, BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.50.

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.