Sapient Capital LLC Invests $470,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Sapient Capital LLC acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 4th quarter, HoldingsChannel reports. The firm acquired 4,990 shares of the company’s stock, valued at approximately $470,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Bright Horizons Family Solutions by 9.7% in the first quarter. JPMorgan Chase & Co. now owns 3,509,737 shares of the company’s stock worth $270,216,000 after purchasing an additional 309,359 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 3.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,820,797 shares of the company’s stock valued at $229,782,000 after acquiring an additional 101,955 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 11.1% during the third quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company’s stock valued at $155,849,000 after acquiring an additional 191,545 shares during the last quarter. State Street Corp increased its position in shares of Bright Horizons Family Solutions by 4.1% during the first quarter. State Street Corp now owns 904,881 shares of the company’s stock valued at $120,069,000 after acquiring an additional 35,889 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Bright Horizons Family Solutions by 301.8% during the fourth quarter. Morgan Stanley now owns 856,581 shares of the company’s stock valued at $54,050,000 after acquiring an additional 643,410 shares during the last quarter.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,500 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, February 14th. The stock was 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 in the company, valued at $3,911,565. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the transaction, the chief financial officer now owns 89,983 shares in the company, valued at approximately $10,237,365.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,500 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $3,911,565. The disclosure for this sale can be found here. Insiders have sold 17,740 shares of company stock worth $1,996,191 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BFAM. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. Robert W. Baird increased their price objective on Bright Horizons Family Solutions from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. The Goldman Sachs Group increased their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on Bright Horizons Family Solutions from $93.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Finally, StockNews.com lowered Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Bright Horizons Family Solutions has an average rating of “Hold” and a consensus price target of $102.38.

Bright Horizons Family Solutions Trading Down 2.2 %

NYSE BFAM opened at $109.17 on Friday. The stock’s 50-day simple moving average is $110.52 and its two-hundred day simple moving average is $96.27. Bright Horizons Family Solutions Inc. has a twelve month low of $71.65 and a twelve month high of $119.21. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 85.96, a PEG ratio of 4.29 and a beta of 1.37.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.24% and a net margin of 3.07%. The business had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. Research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current fiscal 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.