XTX Topco Ltd Makes New $603,000 Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

XTX Topco Ltd acquired a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,477 shares of the company’s stock, valued at approximately $603,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Foresight Group Ltd Liability Partnership lifted its stake in shares of Bright Horizons Family Solutions by 91.8% during the second quarter. Foresight Group Ltd Liability Partnership now owns 8,003 shares of the company’s stock worth $881,000 after purchasing an additional 3,830 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Bright Horizons Family Solutions by 103.7% during the second quarter. Hsbc Holdings PLC now owns 7,713 shares of the company’s stock worth $847,000 after purchasing an additional 3,926 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Bright Horizons Family Solutions by 6.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,303 shares of the company’s stock worth $804,000 after purchasing an additional 474 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Bright Horizons Family Solutions during the second quarter worth about $1,299,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Bright Horizons Family Solutions by 7.0% during 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 in the last quarter.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the transaction, the chief operating officer now directly owns 31,825 shares of the company’s stock, valued at $4,476,186.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 completion of the transaction, the general counsel now directly owns 13,677 shares of the company’s stock, valued at approximately $1,776,095.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the transaction, the chief operating officer now directly owns 31,825 shares of the company’s stock, valued at $4,476,186.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,635 shares of company stock valued at $3,198,948. 1.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on BFAM. The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Barclays boosted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their price target on 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. 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 research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Hold” and a consensus target price of $129.25.

Bright Horizons Family Solutions Trading Down 0.1 %

Shares of NYSE BFAM opened at $138.97 on Tuesday. The stock’s 50 day moving average price is $132.22 and its two-hundred day moving average price is $117.48. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $141.90. The stock has a market capitalization of $8.06 billion, a P/E ratio of 97.87 and a beta of 1.48. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73.

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

About Bright Horizons Family Solutions

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.