Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,951 shares of the company’s stock after selling 189 shares during the quarter. Natixis Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $3,216,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BFAM. Connable Office Inc. increased its stake in shares of Bright Horizons Family Solutions by 11.0% in the third quarter. Connable Office Inc. now owns 3,551 shares of the company’s stock worth $498,000 after acquiring an additional 351 shares during the period. Royce & Associates LP boosted its holdings in Bright Horizons Family Solutions by 42.4% in the third quarter. Royce & Associates LP now owns 24,206 shares of the company’s stock valued at $3,392,000 after purchasing an additional 7,206 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $234,000. Impax Asset Management Group plc purchased a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $2,857,000. Finally, Curi RMB Capital LLC lifted its holdings in shares of Bright Horizons Family Solutions by 1.5% in the 3rd quarter. Curi RMB Capital LLC now owns 87,396 shares of the company’s stock valued at $12,247,000 after buying an additional 1,274 shares during the period.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now owns 31,825 shares of the company’s stock, valued at $4,476,186.25. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on BFAM shares. JPMorgan Chase & Co. raised their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. The Goldman Sachs Group raised their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barclays lifted their target price 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. UBS Group increased their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $141.50.

Bright Horizons Family Solutions Stock Performance

BFAM opened at $113.08 on Friday. The firm’s fifty day simple moving average is $128.51 and its two-hundred day simple moving average is $122.45. Bright Horizons Family Solutions Inc. has a 52-week low of $86.79 and a 52-week high of $141.90. The company has a market cap of $6.58 billion, a price-to-earnings 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 (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 earnings per share 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.