Hsbc Holdings PLC Boosts Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Hsbc Holdings PLC increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 103.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,713 shares of the company’s stock after buying an additional 3,926 shares during the period. Hsbc Holdings PLC’s holdings in Bright Horizons Family Solutions were worth $847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $64,735,000. CANADA LIFE ASSURANCE Co boosted its holdings in Bright Horizons Family Solutions by 141.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock worth $1,676,000 after buying an additional 8,666 shares during the last quarter. M&G Plc purchased a new stake in Bright Horizons Family Solutions during the 1st quarter worth approximately $27,467,000. Bayesian Capital Management LP acquired a new position in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $981,000. Finally, Capital World Investors lifted its position in shares of 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 valued at $127,076,000 after acquiring an additional 128,632 shares in the last quarter.

Bright Horizons Family Solutions Stock Down 0.8 %

Shares of BFAM opened at $138.68 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The firm has a market cap of $8.04 billion, a P/E ratio of 97.66 and a beta of 1.48. The company’s 50-day moving average price is $133.82 and its 200 day moving average price is $118.11. Bright Horizons Family Solutions Inc. has a 12-month low of $71.65 and a 12-month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The firm had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. During the same period in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Wall Street Analyst Weigh In

BFAM has been the subject of several research reports. Barclays boosted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th. Robert W. Baird upped their price objective on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $129.25.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the sale, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, General Counsel John Guy Casagrande sold 4,235 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.86, for a total transaction of $549,957.10. Following the sale, the general counsel now owns 13,677 shares of the company’s stock, valued at $1,776,095.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the transaction, the chief operating officer now owns 31,825 shares of the company’s stock, valued at $4,476,186.25. The disclosure for this sale can be found here. Insiders sold a total of 24,635 shares of company stock worth $3,198,948 over the last ninety days. Company 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.