Granite Investment Partners LLC Sells 894 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Granite Investment Partners LLC cut its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,354 shares of the company’s stock after selling 894 shares during the quarter. Granite Investment Partners LLC owned approximately 0.09% of Bright Horizons Family Solutions worth $5,433,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BFAM. Vanguard Group Inc. boosted its stake in Bright Horizons Family Solutions by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock valued at $607,242,000 after purchasing an additional 29,942 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Bright Horizons Family Solutions by 3.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock valued at $303,556,000 after acquiring an additional 87,256 shares in the last quarter. Capital World Investors increased its position in Bright Horizons Family Solutions by 10.5% during the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after acquiring an additional 128,632 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after purchasing an additional 51,024 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in shares of Bright Horizons Family Solutions by 1.8% during the 4th quarter. Westfield Capital Management Co. LP now owns 657,685 shares of the company’s stock worth $61,980,000 after acquiring an additional 11,477 shares in the last quarter.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, General Counsel John Guy Casagrande sold 4,235 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.86, for a total transaction of $549,957.10. Following the completion of the transaction, the general counsel now directly owns 13,677 shares in the company, valued at $1,776,095.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Bright Horizons Family Solutions news, General Counsel John Guy Casagrande sold 4,235 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.86, for a total transaction of $549,957.10. Following the transaction, the general counsel now directly owns 13,677 shares in the company, valued at approximately $1,776,095.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the transaction, the chief operating officer now owns 31,825 shares in the company, valued at $4,476,186.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,635 shares of company stock worth $3,198,948. 1.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BFAM has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley raised their target price on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th. Finally, BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $129.25.

Bright Horizons Family Solutions Trading Up 1.9 %

NYSE:BFAM opened at $139.06 on Friday. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $141.90. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 97.93 and a beta of 1.48. The firm has a fifty day simple moving average of $131.81 and a two-hundred day simple moving average of $117.29.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $670.10 million for the quarter, compared to the consensus estimate of $666.17 million. During the same period in the prior year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current fiscal year.

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.