HighVista Strategies LLC Purchases 2,600 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

HighVista Strategies LLC grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 28.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,800 shares of the company’s stock after buying an additional 2,600 shares during the quarter. HighVista Strategies LLC’s holdings in Bright Horizons Family Solutions were worth $1,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BFAM. Brown Brothers Harriman & Co. boosted its holdings in shares of Bright Horizons Family Solutions by 38.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 105,787 shares of the company’s stock valued at $9,969,000 after purchasing an additional 29,417 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth approximately $64,735,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Bright Horizons Family Solutions by 141.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after purchasing an additional 8,666 shares in the last quarter. Norges Bank bought a new position in Bright Horizons Family Solutions in the fourth quarter worth approximately $57,363,000. Finally, M&G Plc bought a new position in Bright Horizons Family Solutions in the first quarter worth approximately $27,467,000.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $110.20, for a total transaction of $88,160.00. Following the sale, the chief operating officer now directly owns 36,925 shares of the company’s stock, valued at $4,069,135. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $110.20, for a total value of $88,160.00. Following the sale, the chief operating officer now directly owns 36,925 shares of the company’s stock, valued at $4,069,135. 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 company’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 value of $327,325.00. Following the transaction, the director now directly owns 30,257 shares of the company’s stock, valued at $3,961,549.01. The disclosure for this sale can be found here. Insiders have sold 24,635 shares of company stock valued at $3,198,948 in the last 90 days. 1.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BFAM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group increased their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird raised their target price on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. One investment 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 stock presently has an average rating of “Hold” and a consensus price target of $129.25.

Bright Horizons Family Solutions Stock Up 1.9 %

NYSE:BFAM opened at $139.06 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. The company’s fifty day moving average price is $131.81 and its 200-day moving average price is $117.33. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $141.90. The firm has a market capitalization of $8.07 billion, a P/E ratio of 97.93 and a beta of 1.48.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.15. The company had revenue of $670.10 million for the quarter, compared to the consensus estimate of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. As a group, equities research analysts anticipate 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.