Connable Office Inc. Purchases 351 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Connable Office Inc. lifted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,551 shares of the company’s stock after acquiring an additional 351 shares during the period. Connable Office Inc.’s holdings in Bright Horizons Family Solutions were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BFAM. CANADA LIFE ASSURANCE Co raised its stake in Bright Horizons Family Solutions by 141.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock worth $1,676,000 after acquiring an additional 8,666 shares in the last quarter. M&G Plc bought a new stake in shares of Bright Horizons Family Solutions during the first quarter worth $27,467,000. Bayesian Capital Management LP acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth $981,000. Dimensional Fund Advisors LP boosted its holdings in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after acquiring an additional 51,024 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Bright Horizons Family Solutions by 16.5% during the 3rd quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock valued at $349,000 after acquiring an additional 352 shares in the last quarter.

Bright Horizons Family Solutions Trading Down 3.7 %

Shares of Bright Horizons Family Solutions stock opened at $106.99 on Friday. The stock has a market capitalization of $6.22 billion, a PE ratio of 53.76 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 52 week low of $85.95 and a 52 week high of $141.90. The stock has a 50 day moving average price of $132.79 and a two-hundred day moving average price of $122.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data 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. The firm had revenue of $719.00 million for 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 business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group increased their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. BMO Capital Markets lifted their price target on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Morgan Stanley increased their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $141.13.

About Bright Horizons Family Solutions

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.