Asset Management One Co. Ltd. Buys 3,220 Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM)

Asset Management One Co. Ltd. lifted its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,229 shares of the company’s stock after acquiring an additional 3,220 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.08% of Bright Horizons Family Solutions worth $7,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank bought a new position in Bright Horizons Family Solutions during the second quarter valued at about $33,000. Manchester Capital Management LLC bought a new position in Bright Horizons Family Solutions during the first quarter valued at about $47,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Bright Horizons Family Solutions during the second quarter valued at about $75,000. NN Investment Partners Holdings N.V. bought a new position in Bright Horizons Family Solutions during the second quarter worth about $166,000. Finally, Machina Capital S.A.S. bought a new position in Bright Horizons Family Solutions during the second quarter worth about $190,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Shares of BFAM opened at $148.51 on Friday. Bright Horizons Family Solutions Inc has a 1-year low of $105.15 and a 1-year high of $168.28. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.41 and a quick ratio of 0.41. The firm’s 50 day simple moving average is $159.49 and its 200 day simple moving average is $143.18. The company has a market capitalization of $9.04 billion, a P/E ratio of 48.21, a P/E/G ratio of 4.52 and a beta of 0.29.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Bright Horizons Family Solutions had a net margin of 8.67% and a return on equity of 23.29%. The business had revenue of $528.06 million for the quarter, compared to analysts’ expectations of $531.13 million. During the same period last year, the business earned $0.87 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc will post 3.4 earnings per share for the current year.

A number of equities analysts have weighed in on BFAM shares. Goldman Sachs Group upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research report on Thursday, June 20th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Wednesday, August 7th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $152.00 to $166.00 in a report on Wednesday, September 11th. Finally, ValuEngine downgraded shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $136.57.

In related news, CFO Elizabeth J. Boland sold 4,226 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $164.26, for a total value of $694,162.76. Following the sale, the chief financial officer now owns 120,891 shares in the company, valued at $19,857,555.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Marguerite Kondracke sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $149.20, for a total value of $447,600.00. Following the transaction, the director now directly owns 11,457 shares of the company’s stock, valued at approximately $1,709,384.40. The disclosure for this sale can be found here. Insiders sold 60,390 shares of company stock worth $9,459,338 in the last 90 days. Company insiders own 1.90% of the company’s stock.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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

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