Triodos Investment Management BV Boosts Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Triodos Investment Management BV boosted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAMFree Report) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,000 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Triodos Investment Management BV’s holdings in Bright Horizons Family Solutions were worth $1,225,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bright Horizons Family Solutions by 15.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,861 shares of the company’s stock valued at $885,000 after acquiring an additional 1,424 shares during the last quarter. Strs Ohio bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at approximately $1,092,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Bright Horizons Family Solutions by 1.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,601 shares of the company’s stock worth $1,189,000 after purchasing an additional 255 shares during the period. Park Avenue Securities LLC bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at approximately $369,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Bright Horizons Family Solutions by 19.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 168,499 shares of the company’s stock valued at $13,726,000 after purchasing an additional 27,664 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BFAM shares. UBS Group dropped their price objective on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Barclays upgraded shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. JPMorgan Chase & Co. boosted 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, May 3rd. The Goldman Sachs Group increased their price target on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $107.43.

Get Our Latest Stock Report on Bright Horizons Family Solutions

Bright Horizons Family Solutions Trading Up 1.8 %

BFAM traded up $2.05 during trading on Tuesday, hitting $114.76. 433,664 shares of the stock were exchanged, compared to its average volume of 347,407. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a 50 day simple moving average of $111.18 and a 200 day simple moving average of $100.82. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 80.82, a P/E/G ratio of 4.23 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:BFAMGet Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.74 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 12.00%. The business had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. As a group, equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.76 EPS for the current year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, CAO Jason Janoff sold 6,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $113.79, for a total transaction of $682,740.00. Following the completion of the sale, the chief accounting officer now owns 8,955 shares in the company, valued at $1,018,989.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO Mary Lou Burke sold 1,500 shares of Bright Horizons Family Solutions 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 transaction, the chief operating officer now owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jason Janoff sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $113.79, for a total transaction of $682,740.00. Following the transaction, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at approximately $1,018,989.45. The disclosure for this sale can be found here. Insiders have sold a total of 34,390 shares of company stock valued at $3,901,540 over the last ninety days. 1.28% of the stock is owned by company insiders.

About Bright Horizons Family Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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