Berry Wealth Group LP Boosts Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Berry Wealth Group LP lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,374 shares of the company’s stock after acquiring an additional 242 shares during the period. Berry Wealth Group LP’s holdings in Bright Horizons Family Solutions were worth $263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BFAM. Cerity Partners LLC raised its stake in shares of Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock worth $4,075,000 after acquiring an additional 11,236 shares in the last quarter. BNP Paribas Financial Markets raised its position in Bright Horizons Family Solutions by 560.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock worth $1,286,000 after purchasing an additional 7,789 shares during the period. TimesSquare Capital Management LLC bought a new stake in Bright Horizons Family Solutions in the third quarter worth $13,639,000. Massachusetts Financial Services Co. MA boosted its position in 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. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Bright Horizons Family Solutions by 19.7% in the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock worth $30,669,000 after buying an additional 35,971 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, December 27th. JPMorgan Chase & Co. raised 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 report on Tuesday, November 5th. StockNews.com lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 22nd. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a report on Friday, November 22nd. Finally, Morgan Stanley cut their price objective on 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and an average target price of $135.56.

Bright Horizons Family Solutions Price Performance

BFAM opened at $122.55 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 61.58 and a beta of 1.44. The stock has a fifty day simple moving average of $114.13 and a two-hundred day simple moving average of $124.42. Bright Horizons Family Solutions Inc. has a 12-month low of $94.83 and a 12-month high of $141.90.

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, topping 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 analyst estimates of $713.16 million. During the same period last year, the business earned $0.78 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction dated 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. This trade represents a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.22% of the company’s stock.

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.