Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Acquired by OLD National Bancorp IN

OLD National Bancorp IN increased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,159 shares of the company’s stock after purchasing an additional 82 shares during the period. OLD National Bancorp IN’s holdings in Bright Horizons Family Solutions were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Lord Abbett & CO. LLC acquired a new stake in Bright Horizons Family Solutions during the 1st quarter worth $64,735,000. Millennium Management LLC acquired a new position in Bright Horizons Family Solutions during the second quarter worth about $28,995,000. M&G Plc purchased a new stake in Bright Horizons Family Solutions during the 1st quarter valued at about $27,467,000. Point72 Asset Management L.P. raised its holdings in Bright Horizons Family Solutions by 64.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock valued at $62,792,000 after acquiring an additional 222,823 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Bright Horizons Family Solutions by 3.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock valued at $303,556,000 after acquiring an additional 87,256 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. The Goldman Sachs Group upped their target price on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a report on Friday, August 2nd. UBS Group lifted their price target on Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Finally, Robert W. Baird raised their price objective on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus target price of $134.63.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred 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 in the company, valued at approximately $4,476,186.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, September 5th. The stock was 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 in the company, valued at approximately $4,476,186.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the transaction, the director now directly owns 30,257 shares of the company’s stock, valued at approximately $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,635 shares of company stock valued at $3,100,340 in the last three months. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Stock Up 0.2 %

Shares of NYSE:BFAM opened at $130.52 on Wednesday. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 91.92 and a beta of 1.48. Bright Horizons Family Solutions Inc. has a 12-month low of $71.65 and a 12-month high of $141.90. The business has a 50-day moving average price of $137.00 and a 200 day moving average price of $120.71. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73.

Bright Horizons Family Solutions (NYSE:BFAM) last released 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 business had revenue of $670.10 million for the quarter, compared to the consensus estimate of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. Sell-side 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.