Quadrature Capital Ltd Takes Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Quadrature Capital Ltd acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,365 shares of the company's stock, valued at approximately $612,000.

Other institutional investors have also modified their holdings of the company. OLD National Bancorp IN increased its stake in Bright Horizons Family Solutions by 2.7% in the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock valued at $443,000 after purchasing an additional 82 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Bright Horizons Family Solutions by 6.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 119 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Bright Horizons Family Solutions by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company's stock valued at $655,000 after buying an additional 133 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock worth $75,000 after acquiring an additional 145 shares in the last quarter. Finally, Quarry LP lifted its position 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 last quarter.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM traded down $2.01 during midday trading on Monday, reaching $113.10. The stock had a trading volume of 789,425 shares, compared to its average volume of 404,508. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.58 billion, a P/E ratio of 57.84 and a beta of 1.44. The firm has a fifty day simple moving average of $123.96 and a two-hundred day simple moving average of $122.87. 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 earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.05. The business 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. On average, equities analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Insiders Place Their Bets

In related news, COO Mary Lou Burke sold 800 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Ann Tocio sold 5,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now directly owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BFAM. Barclays boosted their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Morgan Stanley boosted their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an "underweight" rating in a research note on Tuesday, November 5th. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. JPMorgan Chase & Co. upped their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.50.

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.