Savant Capital LLC lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 84.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,911 shares of the company's stock after acquiring an additional 6,816 shares during the quarter. Savant Capital LLC's holdings in Bright Horizons Family Solutions were worth $1,653,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions during the third quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter worth approximately $35,000. True Wealth Design LLC bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $49,000. Finally, Capital Performance Advisors LLP acquired a new position in Bright Horizons Family Solutions in the 3rd quarter valued at $75,000.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on BFAM shares. The Goldman Sachs Group dropped their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a report on Friday, December 27th. 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 for the company in a research note on Friday, November 22nd. Jefferies Financial Group decreased their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted 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, UBS Group reduced their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.33.
Check Out Our Latest Research Report on BFAM
Bright Horizons Family Solutions Price Performance
Shares of BFAM traded up $9.52 during midday trading on Monday, hitting $128.51. The company's stock had a trading volume of 1,115,353 shares, compared to its average volume of 371,693. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 64.58 and a beta of 1.45. The company's fifty day simple moving average is $115.50 and its two-hundred day simple moving average is $124.68.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. As a group, equities analysts expect that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was 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 owns 25,257 shares of the company's stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is owned by corporate insiders.
About Bright Horizons Family Solutions
(
Free Report)
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.
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