Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 9.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,034,701 shares of the company’s stock after selling 311,526 shares during the period. JPMorgan Chase & Co. owned 0.05% of Bright Horizons Family Solutions worth $425,253,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in Bright Horizons Family Solutions in the 3rd quarter valued at about $695,000. Sanctuary Advisors LLC raised its position in shares of Bright Horizons Family Solutions by 2.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,920 shares of the company’s stock valued at $2,371,000 after buying an additional 478 shares during the period. Anchor Investment Management LLC lifted its holdings in Bright Horizons Family Solutions by 423.2% in the third quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock valued at $92,000 after acquiring an additional 529 shares during the last quarter. Geode Capital Management LLC grew its position in Bright Horizons Family Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after acquiring an additional 7,597 shares during the period. Finally, Barclays PLC increased its stake in Bright Horizons Family Solutions by 24.6% during the third quarter. Barclays PLC now owns 19,215 shares of the company’s stock worth $2,693,000 after acquiring an additional 3,796 shares during the last quarter.

Insider Buying and Selling

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

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $110.53 on Friday. Bright Horizons Family Solutions Inc. has a 52 week low of $91.61 and a 52 week high of $141.90. The company has a fifty day simple moving average of $116.26 and a two-hundred day simple moving average of $122.89. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 55.54 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. Bright Horizons Family Solutions’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 EPS. As a group, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BFAM shares. JPMorgan Chase & Co. upped their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $137.00 to $125.00 in a research report on Monday, November 18th. UBS Group lifted their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.25.

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.