4,365 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 4,365 shares of the company’s stock, valued at approximately $612,000.

Several other institutional investors and hedge funds have also bought and sold shares of BFAM. Massachusetts Financial Services Co. MA increased its stake in shares of Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after buying an additional 423,456 shares during the period. Millennium Management LLC purchased a new position in Bright Horizons Family Solutions during the 2nd quarter valued at $28,995,000. Point72 Asset Management L.P. lifted its position in shares of Bright Horizons Family Solutions by 64.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after purchasing an additional 222,823 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Bright Horizons Family Solutions by 174.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock valued at $48,260,000 after purchasing an additional 218,707 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Bright Horizons Family Solutions during the third quarter valued at about $13,639,000.

Insider Activity

In other Bright Horizons Family Solutions 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 transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the firm’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 completion of the transaction, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $115.11 on Monday. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 57.84 and a beta of 1.43. 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 Inc. has a one year low of $87.82 and a one year high of $141.90. The company’s 50-day moving average is $123.96 and its 200 day moving average is $122.87.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly 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. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same quarter last year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. The Goldman Sachs Group lifted their price target 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. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Friday, November 22nd. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $137.00 to $125.00 in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.