First Bank & Trust Buys 109 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

First Bank & Trust grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 30.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 465 shares of the company’s stock after acquiring an additional 109 shares during the quarter. First Bank & Trust’s holdings in Bright Horizons Family Solutions were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Voloridge Investment Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $7,292,000. Nuveen Asset Management LLC raised its stake in shares of Bright Horizons Family Solutions by 0.3% in the first quarter. Nuveen Asset Management LLC now owns 366,739 shares of the company’s stock valued at $62,877,000 after purchasing an additional 1,093 shares in the last quarter. Sycomore Asset Management acquired a new position in shares of Bright Horizons Family Solutions in the first quarter valued at $59,000. Federated Hermes Inc. raised its stake in shares of Bright Horizons Family Solutions by 27.5% in the first quarter. Federated Hermes Inc. now owns 314,980 shares of the company’s stock valued at $54,004,000 after purchasing an additional 67,950 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Bright Horizons Family Solutions by 14.5% in the second quarter. Raymond James Trust N.A. now owns 3,193 shares of the company’s stock valued at $469,000 after purchasing an additional 405 shares in the last quarter. 97.05% of the stock is owned by institutional investors.

In other news, CFO Elizabeth J. Boland sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 14th. The stock was sold at an average price of $152.88, for a total transaction of $458,640.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary Ann Tocio sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 12th. The stock was sold at an average price of $144.06, for a total value of $1,440,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,706 shares of company stock worth $2,307,494. Company insiders own 1.20% of the company’s stock.

A number of research analysts recently commented on the company. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the company from $158.00 to $173.00 in a research note on Tuesday, July 6th. Zacks Investment Research lowered Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, August 10th. Jefferies Financial Group assumed coverage on Bright Horizons Family Solutions in a research note on Thursday, August 5th. They set a “buy” rating and a $215.00 price objective for the company. Finally, Morgan Stanley raised their target price on Bright Horizons Family Solutions from $136.00 to $139.00 and gave the company an “underweight” rating in a research note on Thursday, August 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average target price of $173.88.

Bright Horizons Family Solutions stock opened at $142.37 on Wednesday. The business’s 50-day simple moving average is $147.35 and its 200 day simple moving average is $151.57. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 395.47, a P/E/G ratio of 3.06 and a beta of 0.85. Bright Horizons Family Solutions Inc. has a 12-month low of $131.01 and a 12-month high of $182.50. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.80.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Tuesday, August 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $441.48 million for the quarter, compared to analysts’ expectations of $438.93 million. Bright Horizons Family Solutions had a return on equity of 3.85% and a net margin of 1.41%. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 1.92 EPS for the current year.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions, Inc engages in the provision of child care and early education; dependent care, and workforce education services. It operates through the following segments: Full Service Center-Based Child Care, Back-Up Care Services, and Educational Advisory Services. The Full Service Center-Based Child Care segment comprises of traditional center-based child care and early education, preschool, and elementary education.

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

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