Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,920 shares of the company’s stock after buying an additional 478 shares during the quarter. Sanctuary Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $2,371,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new position in shares of Bright Horizons Family Solutions in the third quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. grew its position in Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. grew its position in 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 purchasing an additional 165 shares in the last quarter. Finally, Quarry LP grew 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 purchasing an additional 177 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird raised 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 report on Friday, November 22nd. Morgan Stanley lowered their price objective on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective 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. UBS Group boosted their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.75.

Insider Transactions at Bright Horizons Family Solutions

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

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $108.14 on Wednesday. The firm has a fifty day simple moving average of $120.73 and a 200-day simple moving average of $123.06. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 1-year low of $90.56 and a 1-year high of $141.90. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 54.34 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The business had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. During the same period in the previous year, the company earned $0.78 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current year.

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.