Principal Financial Group Inc. Has $479,000 Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Principal Financial Group Inc. cut its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 11.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,354 shares of the company’s stock after selling 559 shares during the quarter. Principal Financial Group Inc.’s holdings in Bright Horizons Family Solutions were worth $479,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Bright Horizons Family Solutions in the 4th quarter valued at $57,363,000. Lord Abbett & CO. LLC bought a new stake in Bright Horizons Family Solutions in the 1st quarter valued at $64,735,000. Public Employees Retirement Association of Colorado boosted its stake in Bright Horizons Family Solutions by 4,227.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock valued at $27,709,000 after purchasing an additional 287,229 shares during the period. M&G Plc bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at $27,467,000. Finally, Capital World Investors lifted its position in shares of Bright Horizons Family Solutions by 10.5% during the 4th quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock valued at $127,076,000 after acquiring an additional 128,632 shares during the period.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $110.20, for a total transaction of $88,160.00. Following the sale, 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 can be accessed through the SEC website. In other Bright Horizons Family Solutions news, General Counsel John Guy Casagrande sold 4,235 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.86, for a total value of $549,957.10. Following the transaction, the general counsel now owns 13,677 shares in the company, valued at $1,776,095.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $110.20, for a total value 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. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Trading Up 0.4 %

Shares of BFAM stock opened at $140.68 on Friday. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 99.07 and a beta of 1.48. The stock has a 50-day moving average of $128.49 and a 200-day moving average of $116.23. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The company had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays upped their target price 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. Morgan Stanley boosted their price target on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday. BMO Capital Markets boosted their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions has an average rating of “Hold” and a consensus target price of $129.25.

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.