M&G Plc Decreases Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

M&G Plc decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,887 shares of the company’s stock after selling 14,935 shares during the quarter. M&G Plc owned about 0.38% of Bright Horizons Family Solutions worth $30,504,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Bright Horizons Family Solutions by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock valued at $607,242,000 after purchasing an additional 29,942 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Bright Horizons Family Solutions by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock valued at $337,832,000 after purchasing an additional 44,893 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Bright Horizons Family Solutions by 3.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock valued at $303,556,000 after purchasing an additional 87,256 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after acquiring an additional 51,024 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Bright Horizons Family Solutions during the first quarter valued at $64,735,000.

Analyst Ratings Changes

A number of research firms have weighed in on BFAM. Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Barclays boosted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. UBS Group boosted their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $141.13.

Bright Horizons Family Solutions Stock Up 0.4 %

Shares of Bright Horizons Family Solutions stock opened at $116.31 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions Inc. has a 1 year low of $80.29 and a 1 year high of $141.90. The firm’s 50-day moving average is $135.42 and its two-hundred day moving average is $122.24. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 66.84 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. As a group, research analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.22% of the company’s stock.

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.