Bank of New York Mellon Corp Grows Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Bank of New York Mellon Corp grew its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,879 shares of the company’s stock after acquiring an additional 17,100 shares during the quarter. Bank of New York Mellon Corp owned 0.37% of Bright Horizons Family Solutions worth $23,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Bright Horizons Family Solutions in the fourth quarter worth $57,363,000. Lord Abbett & CO. LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $64,735,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Bright Horizons Family Solutions by 4,227.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock valued at $27,709,000 after acquiring an additional 287,229 shares during the last quarter. M&G Plc purchased a new position in Bright Horizons Family Solutions in the first quarter worth about $27,467,000. Finally, Capital World Investors grew its position in Bright Horizons Family Solutions by 10.5% in the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after acquiring an additional 128,632 shares in the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the sale, the director now directly owns 30,257 shares of the company’s stock, valued at $3,961,549.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $106.42, for a total value of $85,136.00. Following the completion of the transaction, the chief operating officer now directly owns 37,725 shares of the company’s stock, valued at approximately $4,014,694.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $130.93, for a total value of $327,325.00. Following the sale, the director now directly owns 30,257 shares in the company, valued at approximately $3,961,549.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,232 shares of company stock valued at $3,664,500. 1.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on BFAM. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays lifted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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. Robert W. Baird lifted their price target on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $133.43.

Bright Horizons Family Solutions Trading Up 0.9 %

Shares of BFAM opened at $140.66 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 99.06 and a beta of 1.45. The company has a 50-day moving average of $124.90 and a 200 day moving average of $114.98. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $141.89.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The firm had revenue of $670.10 million during the quarter, compared to analyst estimates of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. Bright Horizons Family Solutions’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. On average, research analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

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.