Hsbc Holdings PLC Grows Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Hsbc Holdings PLC boosted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 103.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,713 shares of the company's stock after purchasing an additional 3,926 shares during the period. Hsbc Holdings PLC's holdings in Bright Horizons Family Solutions were worth $847,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BFAM. Lord Abbett & CO. LLC purchased a new position in shares of Bright Horizons Family Solutions in the first quarter worth approximately $64,735,000. Public Employees Retirement Association of Colorado boosted its stake in shares of Bright Horizons Family Solutions by 4,227.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company's stock worth $27,709,000 after acquiring an additional 287,229 shares during the last quarter. M&G Plc bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at $27,467,000. Capital World Investors increased its stake in shares of Bright Horizons Family Solutions by 10.5% in the 4th quarter. Capital World Investors now owns 1,348,432 shares of the company's stock worth $127,076,000 after purchasing an additional 128,632 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Bright Horizons Family Solutions by 3.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company's stock worth $303,556,000 after purchasing an additional 87,256 shares during the period.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $138.68 on Monday. The company has a market capitalization of $8.04 billion, a PE ratio of 97.66 and a beta of 1.48. The company's fifty day moving average price is $133.82 and its 200-day moving average price is $118.11. Bright Horizons Family Solutions Inc. has a one year low of $71.65 and a one year high of $141.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The business had revenue of $670.10 million during the quarter, compared to the consensus estimate of $666.17 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The business's revenue was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BFAM. The Goldman Sachs Group upped their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a "market perform" rating in a research note on Friday, August 2nd. Barclays upped their price target on shares of 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. Robert W. Baird increased their price objective on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a "hold" rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $129.25.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the company's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the sale, the chief operating officer now owns 31,825 shares of the company's stock, valued at $4,476,186.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Mary Lou Burke sold 800 shares of the firm's stock in a transaction dated 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 approximately $4,476,186.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the completion of the sale, the director now directly owns 30,257 shares of the company's stock, valued at approximately $3,961,549.01. The disclosure for this sale can be found here. Insiders sold 24,635 shares of company stock worth $3,198,948 in the last quarter. 1.22% of the stock is owned by corporate insiders.

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.