Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Great Diamond Partners LLC

Great Diamond Partners LLC trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 29.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,835 shares of the company’s stock after selling 763 shares during the quarter. Great Diamond Partners LLC’s holdings in Bright Horizons Family Solutions were worth $257,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in Bright Horizons Family Solutions by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 163,185 shares of the company’s stock valued at $18,499,000 after acquiring an additional 1,221 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 22.0% during the first quarter. Principal Financial Group Inc. now owns 4,913 shares of the company’s stock worth $557,000 after purchasing an additional 885 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Bright Horizons Family Solutions by 15.0% in the first quarter. BNP Paribas Financial Markets now owns 8,817 shares of the company’s stock valued at $999,000 after buying an additional 1,147 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Bright Horizons Family Solutions by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 52,873 shares of the company’s stock worth $5,994,000 after buying an additional 2,950 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter valued at approximately $241,000.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 14,500 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the transaction, the chief operating officer now owns 33,425 shares of the company’s stock, valued at approximately $4,375,332.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the sale, the director now owns 30,257 shares in the company, valued at $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Mary Lou Burke sold 14,500 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $130.90, for a total value of $1,898,050.00. Following the transaction, the chief operating officer now directly owns 33,425 shares in the company, valued at approximately $4,375,332.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,635 shares of company stock valued at $3,100,340 over the last 90 days. 1.22% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Stock Performance

BFAM opened at $133.20 on Thursday. Bright Horizons Family Solutions Inc. has a twelve month low of $73.16 and a twelve month high of $141.90. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The stock has a market cap of $7.73 billion, a PE ratio of 93.80 and a beta of 1.48. The business’s 50 day moving average is $136.56 and its 200-day moving average is $121.39.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The company had revenue of $670.10 million during the quarter, compared to analysts’ expectations of $666.17 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts predict that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BFAM shares. The Goldman Sachs Group raised their price objective on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. UBS Group lifted their price target on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their target price on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Hold” and an average price target of $134.63.

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.