Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Acquired by KBC Group NV

KBC Group NV increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,534 shares of the company’s stock after acquiring an additional 193 shares during the period. KBC Group NV owned approximately 0.16% of Bright Horizons Family Solutions worth $13,107,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BFAM. Geneva Capital Management LLC boosted its position in shares of Bright Horizons Family Solutions by 0.5% during the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock worth $80,631,000 after purchasing an additional 2,649 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at about $418,000. Entropy Technologies LP acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $604,000. Venturi Wealth Management LLC grew its holdings in Bright Horizons Family Solutions by 61.6% in the third quarter. Venturi Wealth Management LLC now owns 2,250 shares of the company’s stock valued at $315,000 after purchasing an additional 858 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at about $13,639,000.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on BFAM shares. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays increased their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. UBS Group increased their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $141.13.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $104.00 on Friday. Bright Horizons Family Solutions Inc. has a 52 week low of $85.95 and a 52 week high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 52.26 and a beta of 1.49. The stock has a 50 day moving average of $131.45 and a 200-day moving average of $122.50.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current 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.