Brown Capital Management LLC Has $1.10 Million Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Brown Capital Management LLC cut its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 50.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,822 shares of the company’s stock after selling 7,837 shares during the period. Brown Capital Management LLC’s holdings in Bright Horizons Family Solutions were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its holdings in Bright Horizons Family Solutions by 141.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock worth $1,676,000 after purchasing an additional 8,666 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $981,000. TimesSquare Capital Management LLC acquired a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at approximately $13,639,000. Dimensional Fund Advisors LP grew its position in Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after purchasing an additional 51,024 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Bright Horizons Family Solutions by 16.5% in the third quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock valued at $349,000 after purchasing an additional 352 shares in the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $108.36 on Thursday. The business’s fifty day moving average is $129.65 and its 200 day moving average is $122.54. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 54.45 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a 52-week low of $86.79 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data 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. The firm 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 4.44% and a return on equity of 13.23%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on BFAM. Barclays upped 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 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 research note on Tuesday, November 5th. Robert W. Baird increased their price target on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $137.00 to $125.00 in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $141.50.

Bright Horizons Family Solutions 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.