8,300 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,300 shares of the company’s stock, valued at approximately $1,163,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $64,735,000. Millennium Management LLC bought a new stake in Bright Horizons Family Solutions in the 2nd quarter valued at approximately $28,995,000. M&G Plc bought a new stake in Bright Horizons Family Solutions in the 1st quarter valued at approximately $27,467,000. Point72 Asset Management L.P. lifted its stake in 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 valued at $62,792,000 after acquiring an additional 222,823 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Bright Horizons Family Solutions by 174.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock valued at $48,260,000 after acquiring an additional 218,707 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Barclays boosted their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, UBS Group boosted their target price on Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and an average price target of $134.63.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, General Counsel John Guy Casagrande sold 4,235 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.86, for a total value of $549,957.10. Following the transaction, the general counsel now owns 13,677 shares of the company’s stock, valued at approximately $1,776,095.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $128.67, for a total value of $102,936.00. Following the completion of the transaction, the chief operating officer now directly owns 32,625 shares in the company, valued at approximately $4,197,858.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel John Guy Casagrande sold 4,235 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.86, for a total value of $549,957.10. Following the completion of the transaction, the general counsel now owns 13,677 shares of the company’s stock, valued at $1,776,095.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,635 shares of company stock valued at $3,100,340. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $132.59 on Thursday. Bright Horizons Family Solutions Inc. has a 1 year low of $71.65 and a 1 year high of $141.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 93.37 and a beta of 1.48. The business has a 50-day moving average of $136.94 and a 200-day moving average of $120.79.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. The company had revenue of $670.10 million during the quarter, compared to the consensus estimate of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. As a group, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

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.