Daiwa Securities Group Inc. Purchases 145 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Daiwa Securities Group Inc. boosted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 37.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 535 shares of the company’s stock after acquiring an additional 145 shares during the period. Daiwa Securities Group Inc.’s holdings in Bright Horizons Family Solutions were worth $75,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares in the last quarter. Millennium Management LLC purchased a new position in Bright Horizons Family Solutions in the 2nd quarter valued at approximately $28,995,000. Point72 Asset Management L.P. raised its holdings in Bright Horizons Family Solutions by 64.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock valued at $62,792,000 after acquiring an additional 222,823 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Bright Horizons Family Solutions by 174.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after acquiring an additional 218,707 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $13,639,000.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $115.63 on Monday. The company’s fifty day moving average price is $126.22 and its 200-day moving average price is $122.62. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 58.11 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a one year low of $86.79 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BFAM. JPMorgan Chase & Co. boosted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. 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. UBS Group raised 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. The Goldman Sachs Group upped their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley increased their target price on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.