15,000 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, Holdings Channel reports. The fund bought 15,000 shares of the company’s stock, valued at approximately $2,102,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co grew its position in Bright Horizons Family Solutions by 141.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after buying an additional 8,666 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in Bright Horizons Family Solutions in the 3rd quarter valued at about $13,639,000. Massachusetts Financial Services Co. MA grew its position in Bright Horizons Family Solutions by 15.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after buying an additional 423,456 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after buying an additional 51,024 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Bright Horizons Family Solutions by 16.5% in the 3rd quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock valued at $349,000 after buying an additional 352 shares in the last quarter.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $115.63 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. Bright Horizons Family Solutions Inc. has a one year low of $86.79 and a one year high of $141.90. The firm has a market capitalization of $6.73 billion, a PE ratio of 58.11 and a beta of 1.49. The firm has a 50-day moving average of $126.22 and a two-hundred day moving average of $122.52.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same period in the prior year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BFAM shares. Barclays increased their target price 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. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Friday, November 22nd. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $137.00 to $125.00 in a research report on Monday, November 18th. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, UBS Group raised 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, November 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Insider Transactions at Bright Horizons Family Solutions

In other 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 sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.22% of the stock is owned by insiders.

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.