Asset Management One Co. Ltd. Buys New Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Asset Management One Co. Ltd. purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 40,151 shares of the company's stock, valued at approximately $5,600,000. Asset Management One Co. Ltd. owned 0.07% of Bright Horizons Family Solutions at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cannon Global Investment Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter worth about $1,331,000. Janney Montgomery Scott LLC purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $7,388,000. Conestoga Capital Advisors LLC raised its holdings in Bright Horizons Family Solutions by 1.0% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 237,260 shares of the company's stock valued at $33,247,000 after acquiring an additional 2,398 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Bright Horizons Family Solutions by 10.2% during the 3rd quarter. Stephens Inc. AR now owns 3,508 shares of the company's stock worth $492,000 after purchasing an additional 324 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth $216,000.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Trading Down 0.3 %

Shares of Bright Horizons Family Solutions stock traded down $0.38 during trading on Friday, hitting $116.14. The stock had a trading volume of 1,003,645 shares, compared to its average volume of 549,401. The company has a market capitalization of $6.74 billion, a PE ratio of 58.36 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 1 year low of $80.29 and a 1 year high of $141.90. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. The stock has a 50 day simple moving average of $134.48 and a 200 day simple moving average of $122.27.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.65%. The firm had revenue of $719.00 million during the quarter, compared to analysts' expectations of $713.16 million. During the same period in the prior year, the company earned $0.78 EPS. The business's quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BFAM shares. Deutsche Bank Aktiengesellschaft raised their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a report on Tuesday. The Goldman Sachs Group increased their price target 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. Barclays boosted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Finally, Robert W. Baird lifted their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $141.13.

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.