Truist Financial Corp Has $7.88 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Truist Financial Corp lessened its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 71,043 shares of the company’s stock after selling 2,195 shares during the quarter. Truist Financial Corp owned approximately 0.12% of Bright Horizons Family Solutions worth $7,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in Bright Horizons Family Solutions during the 4th quarter valued at approximately $25,000. True Wealth Design LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $49,000. Capital Performance Advisors LLP acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $75,000. Daiwa Securities Group Inc. grew its position in shares of Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after buying an additional 145 shares during the period. Finally, Anchor Investment Management LLC grew its position in shares of Bright Horizons Family Solutions by 423.2% during the 3rd quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock worth $92,000 after buying an additional 529 shares during the period.

Analyst Ratings Changes

Several brokerages have recently commented on BFAM. BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Jefferies Financial Group cut their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now directly owns 25,257 shares in the company, valued at approximately $2,897,230.47. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $126.29 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $116.91 and its two-hundred day simple moving average is $124.69. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The stock has a market cap of $7.35 billion, a PE ratio of 52.62 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. As a group, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.49 EPS for the current fiscal year.

About Bright Horizons Family Solutions

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.