Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 17.7% during the third quarter, Holdings Channel reports. The institutional investor owned 224,498 shares of the company’s stock after selling 48,402 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bright Horizons Family Solutions were worth $26,455,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BFAM. FMR LLC grew its holdings in Bright Horizons Family Solutions by 10.9% during the third quarter. FMR LLC now owns 374,501 shares of the company’s stock valued at $44,131,000 after purchasing an additional 36,864 shares during the last quarter. BSW Wealth Partners acquired a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $261,000. Roosevelt Investment Group Inc. grew its holdings in Bright Horizons Family Solutions by 65.6% during the third quarter. Roosevelt Investment Group Inc. now owns 104,111 shares of the company’s stock valued at $12,268,000 after purchasing an additional 41,224 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Bright Horizons Family Solutions by 49,900.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 18,000 shares of the company’s stock valued at $2,121,000 after purchasing an additional 17,964 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Bright Horizons Family Solutions by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 257,843 shares of the company’s stock valued at $30,383,000 after purchasing an additional 10,507 shares during the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.

BFAM has been the topic of several analyst reports. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Wednesday, November 7th. BMO Capital Markets lowered their price target on Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday, November 6th. Citigroup downgraded Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Robert W. Baird increased their price target on Bright Horizons Family Solutions from $115.00 to $122.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, Bank of America initiated coverage on Bright Horizons Family Solutions in a report on Tuesday, October 23rd. They set a “neutral” rating and a $118.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus target price of $113.36.

In other news, COO Mary Lou Burke sold 1,100 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $118.87, for a total value of $130,757.00. Following the sale, the chief operating officer now owns 30,946 shares in the company, valued at $3,678,551.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director E Townes Duncan sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $117.39, for a total transaction of $234,780.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,300 shares of company stock worth $3,758,970. 2.20% of the stock is currently owned by corporate insiders.

Shares of Bright Horizons Family Solutions stock opened at $117.84 on Thursday. The firm has a market capitalization of $6.81 billion, a PE ratio of 46.21, a P/E/G ratio of 3.29 and a beta of 0.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.39 and a current ratio of 0.39. Bright Horizons Family Solutions Inc has a 1 year low of $87.13 and a 1 year high of $122.01.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. The business had revenue of $472.00 million for the quarter, compared to the consensus estimate of $471.85 million. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. Bright Horizons Family Solutions’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current year.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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