Bright Horizons Family Solutions Inc. (NYSE:BFAM) Position Increased by KBC Group NV

KBC Group NV grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.2% in the third quarter, Holdings Channel.com reports. The fund owned 93,534 shares of the company’s stock after buying an additional 193 shares during the quarter. KBC Group NV’s holdings in Bright Horizons Family Solutions were worth $13,107,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raleigh Capital Management Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at $35,000. Whittier Trust Co. of Nevada Inc. boosted its position 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 buying an additional 306 shares during the period. Daiwa Securities Group Inc. grew its holdings 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 in the last quarter. Finally, Quarry LP raised its position in Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after buying an additional 177 shares during the period.

Wall Street Analyst Weigh In

BFAM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on 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. Barclays upped their price objective 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 increased their target price on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 5th. Robert W. Baird upped their price target on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price objective on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $141.13.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $104.00 on Friday. The firm has a fifty day moving average price of $131.45 and a two-hundred day moving average price of $122.50. Bright Horizons Family Solutions Inc. has a fifty-two week low of $85.95 and a fifty-two week high of $141.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.56. The company has a market cap of $6.05 billion, a PE ratio of 52.26 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results 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 firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 earnings per share. Analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

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.