Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Quest Partners LLC

Quest Partners LLC decreased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 77.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,715 shares of the company's stock after selling 5,998 shares during the period. Quest Partners LLC's holdings in Bright Horizons Family Solutions were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans purchased a new stake in Bright Horizons Family Solutions during the third quarter valued at approximately $4,520,000. Claro Advisors LLC purchased a new stake in Bright Horizons Family Solutions during the third quarter valued at approximately $275,000. Connable Office Inc. increased its stake in Bright Horizons Family Solutions by 11.0% during the 3rd quarter. Connable Office Inc. now owns 3,551 shares of the company's stock valued at $498,000 after purchasing an additional 351 shares in the last quarter. Royce & Associates LP increased its stake in Bright Horizons Family Solutions by 42.4% during the 3rd quarter. Royce & Associates LP now owns 24,206 shares of the company's stock valued at $3,392,000 after purchasing an additional 7,206 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in Bright Horizons Family Solutions during the 3rd quarter valued at approximately $234,000.

Insider Buying and Selling at Bright Horizons Family Solutions

In other 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 transaction, the chief operating officer now directly owns 31,025 shares of the company's stock, valued at approximately $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $115.12 on Wednesday. The company's fifty day moving average price is $128.01 and its 200 day moving average price is $122.58. Bright Horizons Family Solutions Inc. has a 1 year low of $86.79 and a 1 year high of $141.90. The company has a market capitalization of $6.70 billion, a PE ratio of 57.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

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, 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 company's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. On average, research analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BFAM. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and cut their price target for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Barclays upped their price target 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. Morgan Stanley upped their price target on shares of 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. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective on the stock in a research note on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $141.50.

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.