Whittier Trust Co. Has $117,000 Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Whittier Trust Co. cut its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 23.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 835 shares of the company’s stock after selling 255 shares during the quarter. Whittier Trust Co.’s holdings in Bright Horizons Family Solutions were worth $117,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Riverview Trust Co acquired a new stake in Bright Horizons Family Solutions during the first quarter worth about $25,000. V Square Quantitative Management LLC acquired a new stake in Bright Horizons Family Solutions during the third quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. grew its stake in Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after buying an additional 306 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares in the last quarter. Finally, Quarry LP grew its stake in Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after buying an additional 177 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on BFAM. Barclays increased 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. The Goldman Sachs Group increased their target price on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Morgan Stanley increased their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets increased their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $134.63.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 14,500 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the completion of the transaction, the chief operating officer now owns 33,425 shares in the company, valued at approximately $4,375,332.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 14,500 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the completion of the transaction, the chief operating officer now owns 33,425 shares in the company, valued at approximately $4,375,332.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now owns 30,257 shares of the company’s stock, valued at approximately $3,961,549.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,635 shares of company stock worth $3,100,340 in the last quarter. 1.22% of the stock is owned by insiders.

Bright Horizons Family Solutions Stock Down 1.9 %

Shares of NYSE BFAM opened at $130.01 on Friday. The company has a 50 day simple moving average of $136.81 and a 200 day simple moving average of $120.85. The firm has a market cap of $7.54 billion, a PE ratio of 91.56 and a beta of 1.48. Bright Horizons Family Solutions Inc. has a 1 year low of $71.65 and a 1 year high of $141.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

About Bright Horizons Family Solutions

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.