Barclays PLC Buys 3,796 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Barclays PLC lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 24.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,215 shares of the company’s stock after buying an additional 3,796 shares during the period. Barclays PLC’s holdings in Bright Horizons Family Solutions were worth $2,693,000 at the end of the most recent reporting period.

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

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM opened at $109.70 on Wednesday. The business has a fifty day moving average of $118.01 and a 200-day moving average of $123.02. 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 Inc. has a twelve month low of $91.61 and a twelve month high of $141.90. The firm has a market cap of $6.38 billion, a PE ratio of 55.13 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share 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 firm had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. During the same quarter last year, the company posted $0.78 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BFAM has been the topic of several recent research reports. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Friday, November 22nd. UBS Group upped their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised 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. Barclays upped their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, Morgan Stanley cut their price objective on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.75.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, October 7th. The stock was 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by corporate insiders.

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.