Vestmark Advisory Solutions Inc. Acquires 723 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Vestmark Advisory Solutions Inc. grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,289 shares of the company’s stock after acquiring an additional 723 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Bright Horizons Family Solutions were worth $2,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BFAM. Xponance Inc. raised its position in Bright Horizons Family Solutions by 18.7% during the third quarter. Xponance Inc. now owns 3,238 shares of the company’s stock valued at $264,000 after purchasing an additional 510 shares during the period. Raymond James & Associates increased its stake in Bright Horizons Family Solutions by 2.8% in the third quarter. Raymond James & Associates now owns 458,351 shares of the company’s stock worth $37,337,000 after purchasing an additional 12,292 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bright Horizons Family Solutions by 15.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,861 shares of the company’s stock worth $885,000 after purchasing an additional 1,424 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Bright Horizons Family Solutions by 1.2% during the third quarter. Mackenzie Financial Corp now owns 744,618 shares of the company’s stock valued at $60,344,000 after purchasing an additional 9,124 shares during the period. Finally, Strs Ohio bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth about $1,092,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Robert W. Baird boosted their price objective on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets upped their price objective on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $100.00 to $125.00 in a research report on Wednesday, February 28th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $106.63.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded up $6.96 during mid-day trading on Friday, reaching $111.23. The company’s stock had a trading volume of 651,873 shares, compared to its average volume of 242,604. The stock has a 50-day moving average of $111.11 and a two-hundred day moving average of $98.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $6.45 billion, a P/E ratio of 78.33, a P/E/G ratio of 4.28 and a beta of 1.38. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $119.21.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.14%. The firm had revenue of $615.65 million during the quarter, compared to analyst estimates of $588.63 million. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now owns 89,983 shares in the company, valued at approximately $10,237,365.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Mary Lou Burke sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the sale, the chief operating officer now owns 37,253 shares of the company’s stock, valued at $3,911,565. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth J. Boland sold 15,640 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at $10,237,365.91. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

About Bright Horizons Family Solutions

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.