Xponance Inc. Trims Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Xponance Inc. cut its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 11.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,372 shares of the company’s stock after selling 453 shares during the period. Xponance Inc.’s holdings in Bright Horizons Family Solutions were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BFAM. Riverview Trust Co purchased a new stake in shares of Bright Horizons Family Solutions in the 1st quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. increased its stake in Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after buying an additional 306 shares during the period. YHB Investment Advisors Inc. purchased a new stake in Bright Horizons Family Solutions during the 1st quarter worth approximately $40,000. Daiwa Securities Group Inc. increased its stake in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares during the period. Finally, LRI Investments LLC purchased a new stake in Bright Horizons Family Solutions during the 1st quarter worth approximately $153,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft upped their target price 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. The Goldman Sachs Group upped their target price on shares of 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. BMO Capital Markets upped their target price on shares of 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 shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average price target of $129.25.

Bright Horizons Family Solutions Trading Down 1.4 %

Shares of Bright Horizons Family Solutions stock opened at $138.15 on Wednesday. The company has a fifty day simple moving average of $134.26 and a 200-day simple moving average of $118.29. 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 cap of $8.01 billion, a price-to-earnings ratio of 97.29 and a beta of 1.48.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results 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. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The business had revenue of $670.10 million during the quarter, compared to analysts’ expectations of $666.17 million. During the same quarter in the prior year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the sale, the chief operating officer now owns 35,925 shares in the company, valued at approximately $4,311,000. The transaction was disclosed in a legal 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 company’s stock in a transaction on 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 owns 13,677 shares in the company, valued at approximately $1,776,095.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the transaction, the chief operating officer now owns 35,925 shares of the company’s stock, valued at approximately $4,311,000. The disclosure for this sale can be found here. Insiders sold a total of 24,635 shares of company stock worth $3,198,948 in the last 90 days. 1.22% of the stock is owned by insiders.

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.