Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stake Boosted by State Street Corp

State Street Corp raised its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 999,263 shares of the company’s stock after buying an additional 3,970 shares during the quarter. State Street Corp’s holdings in Bright Horizons Family Solutions were worth $140,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in shares of Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock valued at $4,075,000 after buying an additional 11,236 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $13,639,000. Massachusetts Financial Services Co. MA grew its stake in Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after acquiring an additional 423,456 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Bright Horizons Family Solutions by 19.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock valued at $30,669,000 after purchasing an additional 35,971 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Bright Horizons Family Solutions by 560.0% in the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock worth $1,286,000 after purchasing an additional 7,789 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have weighed in on BFAM shares. JPMorgan Chase & Co. upped their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $137.00 to $125.00 in a research report on Monday, November 18th. UBS Group upped their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.75.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $109.72 on Friday. The business’s 50-day simple moving average is $121.29 and its 200-day simple moving average is $122.90. Bright Horizons Family Solutions Inc. has a 52 week low of $88.58 and a 52 week high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 55.14 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. As a group, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by insiders.

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.