Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock Holdings Cut by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 10.8% during the third quarter, Holdings Channel reports. The firm owned 3,883 shares of the company’s stock after selling 471 shares during the quarter. Principal Financial Group Inc.’s holdings in Bright Horizons Family Solutions were worth $544,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Raleigh Capital Management Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after purchasing an additional 306 shares during the period. Daiwa Securities Group Inc. increased its stake in Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have issued reports on BFAM. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research note on Friday. UBS Group upped their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Barclays increased their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.50.

Bright Horizons Family Solutions Stock Up 1.8 %

BFAM stock opened at $113.08 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 56.82 and a beta of 1.49. The business’s 50-day moving average is $128.51 and its two-hundred day moving average is $122.57. Bright Horizons Family Solutions Inc. has a fifty-two week low of $86.79 and a fifty-two week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The firm had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. During the same quarter last year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now owns 31,825 shares of the company’s stock, valued at $4,476,186.25. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.