Principal Securities Inc. Invests $38,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Principal Securities Inc. purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAMFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 406 shares of the company’s stock, valued at approximately $38,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Everpar Advisors LLC acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth $457,000. Charles Schwab Investment Management Inc. raised its stake in shares of Bright Horizons Family Solutions by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 637,401 shares of the company’s stock worth $60,069,000 after buying an additional 9,851 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of Bright Horizons Family Solutions by 2.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 26,289 shares of the company’s stock worth $2,477,000 after buying an additional 723 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth $203,000. Finally, Sapient Capital LLC acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth $470,000.

Analysts Set New Price Targets

BFAM has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. UBS Group dropped their price objective on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, Barclays upgraded Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.43.

Read Our Latest Stock Report on BFAM

Bright Horizons Family Solutions Stock Down 0.8 %

Shares of NYSE:BFAM opened at $107.62 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. Bright Horizons Family Solutions Inc. has a 1 year low of $71.65 and a 1 year high of $119.21. The stock has a market capitalization of $6.24 billion, a P/E ratio of 75.79, a PEG ratio of 4.04 and a beta of 1.38. The stock has a 50-day simple moving average of $110.22 and a 200-day simple moving average of $102.38.

Bright Horizons Family Solutions (NYSE:BFAMGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Bright Horizons Family Solutions had a return on equity of 12.00% and a net margin of 3.34%. The business had revenue of $622.71 million during the quarter, compared to analysts’ expectations of $614.60 million. Equities analysts forecast that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the sale, the chief financial officer now owns 89,983 shares in the company, valued at approximately $10,237,365.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Stephen Howard Kramer sold 11,250 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the transaction, the chief executive officer now directly owns 122,573 shares of the company’s stock, valued at approximately $13,967,193.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,890 shares of company stock worth $3,744,040. 1.28% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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