Natixis Advisors LLC Trims Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Natixis Advisors LLC reduced its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,951 shares of the company’s stock after selling 189 shares during the period. Natixis Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $3,216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BFAM. Millennium Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at about $28,995,000. Point72 Asset Management L.P. raised its stake in Bright Horizons Family Solutions by 64.1% during the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after purchasing an additional 222,823 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings 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 purchasing an additional 218,707 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at approximately $13,639,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Bright Horizons Family Solutions by 3.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock worth $303,556,000 after buying an additional 87,256 shares during the last quarter.

Bright Horizons Family Solutions Trading Up 1.8 %

Shares of BFAM stock opened at $113.08 on Friday. The stock has a market capitalization of $6.58 billion, a P/E ratio of 56.82 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a fifty-two week low of $86.79 and a fifty-two week high of $141.90. 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 50 day moving average price of $128.51 and a 200 day moving average price of $122.45.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. UBS Group raised their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped 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. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.50.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.22% of the company’s stock.

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.