Barclays PLC Purchases 3,796 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Barclays PLC raised its position in Bright Horizons Family Solutions Inc. (NYSE:BFAMFree Report) by 24.6% in the 3rd quarter, Holdings Channel reports. The firm owned 19,215 shares of the company’s stock after buying an additional 3,796 shares during the period. Barclays PLC’s holdings in Bright Horizons Family Solutions were worth $2,693,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BFAM. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in Bright Horizons Family Solutions in the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after buying an additional 306 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares during the period.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM opened at $109.70 on Wednesday. The stock has a market capitalization of $6.38 billion, a PE ratio of 55.13 and a beta of 1.44. Bright Horizons Family Solutions Inc. has a 1-year low of $91.61 and a 1-year high of $141.90. The firm has a fifty day simple moving average of $118.01 and a 200 day simple moving average of $123.02. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAMGet Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. On average, research analysts expect that Bright Horizons Family Solutions Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BFAM has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price 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 Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. upped their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. 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.com, Bright Horizons Family Solutions presently has an average rating of “Moderate Buy” and an average target price of $140.75.

Check Out Our Latest Research Report on BFAM

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on 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 transaction, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 5,000 shares of the 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 completion of the transaction, the director now directly owns 25,257 shares in the company, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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