Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,234 shares of the company’s stock after selling 2,988 shares during the period. Bank of New York Mellon Corp owned approximately 0.37% of Bright Horizons Family Solutions worth $26,708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of Bright Horizons Family Solutions by 3.6% in the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company’s stock worth $323,000 after acquiring an additional 101 shares during the period. Parallel Advisors LLC grew its holdings in shares of Bright Horizons Family Solutions by 79.9% in the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock worth $41,000 after acquiring an additional 143 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Bright Horizons Family Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company’s stock worth $2,808,000 after acquiring an additional 150 shares during the period. Fifth Third Bancorp grew its holdings in shares of Bright Horizons Family Solutions by 6.5% in the 1st quarter. Fifth Third Bancorp now owns 3,238 shares of the company’s stock worth $411,000 after acquiring an additional 198 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after acquiring an additional 200 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $115.19 on Thursday. The business’s fifty day moving average price is $122.93 and its two-hundred day moving average price is $121.85. The stock has a market cap of $6.59 billion, a PE ratio of 41.59 and a beta of 1.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60. Bright Horizons Family Solutions Inc. has a one year low of $103.75 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The business had revenue of $665.53 million for the quarter, compared to analysts’ expectations of $664.34 million. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BFAM. Morgan Stanley upped their price target on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an “underweight” rating in a report on Tuesday, May 6th. Jefferies Financial Group cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $146.00 to $135.00 in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $138.67.

Insiders Place Their Bets

In other news, CFO Elizabeth J. Boland sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the sale, the chief financial officer owned 80,162 shares in the company, valued at $10,594,209.92. This trade represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total value of $122,560.00. Following the sale, the chief operating officer owned 29,449 shares in the company, valued at $3,609,269.44. This trade represents a 3.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,282 shares of company stock worth $1,848,993 over the last ninety days. Company insiders own 1.21% of the company’s stock.

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.