BNP Paribas Financial Markets Has $1.29 Million Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

BNP Paribas Financial Markets increased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 560.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,180 shares of the company’s stock after purchasing an additional 7,789 shares during the period. BNP Paribas Financial Markets’ holdings in Bright Horizons Family Solutions were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in Bright Horizons Family Solutions in the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after buying an additional 177 shares during the last quarter.

Analysts Set New Price Targets

BFAM has been the topic of several recent analyst reports. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group boosted their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley raised their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.50.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $113.06 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $6.58 billion, a PE ratio of 56.81 and a beta of 1.44. Bright Horizons Family Solutions Inc. has a 1 year low of $87.82 and a 1 year high of $141.90. The stock’s fifty day moving average price is $123.41 and its two-hundred day moving average price is $122.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. On average, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Insider Activity

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.22% of the company’s stock.

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.