Dai ichi Life Insurance Company Ltd Sells 13,300 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Dai ichi Life Insurance Company Ltd cut its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 49.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,350 shares of the company’s stock after selling 13,300 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Bright Horizons Family Solutions were worth $1,258,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BFAM. Treasurer of the State of North Carolina increased its position in Bright Horizons Family Solutions by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company’s stock worth $2,054,000 after buying an additional 130 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Bright Horizons Family Solutions by 0.9% during the 3rd quarter. Natixis Advisors L.P. now owns 23,264 shares of the company’s stock valued at $1,895,000 after purchasing an additional 218 shares during the last quarter. Arizona State Retirement System boosted its position in Bright Horizons Family Solutions by 1.4% during the third quarter. Arizona State Retirement System now owns 16,460 shares of the company’s stock worth $1,341,000 after purchasing an additional 222 shares during the period. Truist Financial Corp boosted its position in Bright Horizons Family Solutions by 0.3% during the fourth quarter. Truist Financial Corp now owns 90,399 shares of the company’s stock worth $8,519,000 after purchasing an additional 227 shares during the period. Finally, Avior Wealth Management LLC raised its position in shares of Bright Horizons Family Solutions by 6.2% in the fourth quarter. Avior Wealth Management LLC now owns 4,439 shares of the company’s stock valued at $418,000 after purchasing an additional 261 shares during the period.

Bright Horizons Family Solutions Stock Down 0.8 %

BFAM traded down $0.88 during trading on Friday, hitting $107.62. 355,939 shares of the company’s stock were exchanged, compared to its average volume of 366,729. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $110.22 and its two-hundred day moving average is $102.24. The stock has a market cap of $6.24 billion, a P/E ratio of 75.80, a PEG ratio of 4.07 and a beta of 1.38. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $119.21.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $622.71 million during the quarter, compared to analyst estimates of $614.60 million. Bright Horizons Family Solutions had a return on equity of 12.00% and a net margin of 3.34%. As a group, equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the transaction, the chief financial officer now owns 89,983 shares of the company’s stock, valued at $10,237,365.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at approximately $10,237,365.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jason Janoff sold 6,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $113.79, for a total transaction of $682,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,955 shares in the company, valued at approximately $1,018,989.45. The disclosure for this sale can be found here. Insiders have sold 32,890 shares of company stock valued at $3,744,040 in the last three months. 1.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

BFAM has been the subject of several recent research reports. Barclays upgraded Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $100.00 to $125.00 in a research note on Wednesday, February 28th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. UBS Group cut their target price on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. BMO Capital Markets lifted their price target on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Finally, Robert W. Baird raised their price target on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Hold” and a consensus price target of $107.43.

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.