Thrivent Financial for Lutherans Invests $4.52 Million in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Thrivent Financial for Lutherans bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 32,257 shares of the company’s stock, valued at approximately $4,520,000. Thrivent Financial for Lutherans owned approximately 0.06% of Bright Horizons Family Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Millennium Management LLC bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $28,995,000. Point72 Asset Management L.P. increased its holdings in shares of Bright Horizons Family Solutions by 64.1% during 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 raised its position in shares of Bright Horizons Family Solutions by 174.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock valued at $48,260,000 after buying an additional 218,707 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $13,639,000. Finally, Massachusetts Financial Services Co. MA grew its position in Bright Horizons Family Solutions by 3.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock worth $303,556,000 after buying an additional 87,256 shares in the last quarter.

Wall Street Analysts Forecast Growth

BFAM has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Barclays lifted their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday. Finally, Robert W. Baird raised 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 note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $141.50.

Insider Activity

In related news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the transaction, the chief operating officer now owns 31,825 shares of the company’s stock, valued at approximately $4,476,186.25. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Trading Up 1.8 %

BFAM opened at $113.08 on Monday. The stock has a market cap of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a twelve month low of $86.79 and a twelve month high of $141.90. The company has a fifty day moving average of $128.51 and a 200-day moving average of $122.57.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same period in the previous year, the business earned $0.78 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

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.