M&G Plc Sells 14,935 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

M&G PLC cut its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 6.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,887 shares of the company's stock after selling 14,935 shares during the period. M&G PLC owned about 0.38% of Bright Horizons Family Solutions worth $30,504,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter worth $29,000. V Square Quantitative Management LLC bought a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after acquiring an additional 306 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after buying an additional 165 shares during the last quarter. Finally, Quarry LP lifted its holdings in Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company's stock valued at $48,000 after acquiring an additional 177 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BFAM shares. Robert W. Baird lifted their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday. BMO Capital Markets increased their target price on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, August 2nd. Barclays increased their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. Morgan Stanley raised their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an "underweight" rating in a research note on Tuesday. Finally, 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 report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $141.13.

Bright Horizons Family Solutions Stock Up 0.1 %

Shares of NYSE:BFAM traded up $0.13 during trading on Thursday, reaching $116.52. 1,236,103 shares of the company traded hands, compared to its average volume of 368,841. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions Inc. has a 1-year low of $80.29 and a 1-year high of $141.90. The firm has a fifty day simple moving average of $135.42 and a 200 day simple moving average of $122.24. The firm has a market cap of $6.76 billion, a P/E ratio of 66.84 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 3.98% and a return on equity of 12.86%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. Analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current fiscal year.

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 stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the sale, the chief operating officer now owns 31,825 shares in the company, valued at $4,476,186.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Company 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.