Zurcher Kantonalbank Zurich Cantonalbank Has $1.18 Million Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,518 shares of the company’s stock after buying an additional 1,657 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bright Horizons Family Solutions were worth $1,180,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Treasurer of the State of North Carolina grew its holdings in Bright Horizons Family Solutions by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company’s stock valued at $2,054,000 after purchasing an additional 130 shares during the period. Natixis Advisors L.P. lifted its position in shares of Bright Horizons Family Solutions by 0.9% in the third quarter. Natixis Advisors L.P. now owns 23,264 shares of the company’s stock worth $1,895,000 after purchasing an additional 218 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Bright Horizons Family Solutions by 1.4% in the third quarter. Arizona State Retirement System now owns 16,460 shares of the company’s stock worth $1,341,000 after purchasing an additional 222 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Bright Horizons Family Solutions by 1.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,601 shares of the company’s stock worth $1,189,000 after purchasing an additional 255 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 6.4% in the third quarter. Principal Financial Group Inc. now owns 4,894 shares of the company’s stock worth $399,000 after purchasing an additional 295 shares in the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other news, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the transaction, the chief financial officer now owns 89,983 shares of the company’s stock, valued at $10,237,365.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Mary Lou Burke sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the sale, the chief operating officer now owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now owns 89,983 shares in the company, valued at $10,237,365.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,740 shares of company stock valued at $1,996,191. 1.28% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Trading Up 0.4 %

BFAM stock opened at $106.71 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. The company’s 50-day simple moving average is $111.40 and its 200 day simple moving average is $97.67. Bright Horizons Family Solutions Inc. has a 52 week low of $71.65 and a 52 week high of $119.21. The company has a market capitalization of $6.18 billion, a PE ratio of 84.00, a price-to-earnings-growth ratio of 4.11 and a beta of 1.37.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. The firm had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BFAM shares. UBS Group dropped their price target on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Barclays upgraded shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. The Goldman Sachs Group upped their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, StockNews.com downgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $102.38.

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.