BNP Paribas Financial Markets Raises Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

BNP Paribas Financial Markets lifted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 560.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,180 shares of the company's stock after purchasing an additional 7,789 shares during the quarter. BNP Paribas Financial Markets' holdings in Bright Horizons Family Solutions were worth $1,286,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock valued at $445,761,000 after acquiring an additional 423,456 shares during the period. Millennium Management LLC bought a new stake in Bright Horizons Family Solutions in the second quarter worth about $28,995,000. Point72 Asset Management L.P. boosted its position in shares of Bright Horizons Family Solutions by 64.1% during the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company's stock valued at $62,792,000 after buying an additional 222,823 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Bright Horizons Family Solutions by 174.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company's stock valued at $48,260,000 after buying an additional 218,707 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter worth approximately $13,639,000.

Wall Street Analysts Forecast Growth

BFAM has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on 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. UBS Group raised their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an "underweight" rating in a research report on Tuesday, November 5th. Baird R W raised shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Finally, Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target for the company in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $141.50.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company's stock in a transaction that occurred 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 owns 31,025 shares in the company, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the transaction, the director now directly owns 25,257 shares in the company, valued at approximately $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. 1.22% of the stock is owned by insiders.

Bright Horizons Family Solutions Stock Down 0.8 %

NYSE:BFAM traded down $0.91 during trading hours on Tuesday, reaching $112.19. The company's stock had a trading volume of 513,810 shares, compared to its average volume of 404,967. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $6.53 billion, a P/E ratio of 56.38 and a beta of 1.44. The stock has a 50 day moving average price of $122.89 and a two-hundred day moving average price of $122.93. Bright Horizons Family Solutions Inc. has a 12 month low of $87.82 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. Equities analysts predict that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

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.