Farther Finance Advisors LLC Sells 788 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Farther Finance Advisors LLC decreased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 48.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 834 shares of the company’s stock after selling 788 shares during the quarter. Farther Finance Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Bright Horizons Family Solutions by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock valued at $607,242,000 after buying an additional 29,942 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Bright Horizons Family Solutions by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock valued at $337,832,000 after buying an additional 44,893 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of 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 buying an additional 87,256 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after buying an additional 51,024 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 1st quarter valued at $64,735,000.

Analysts Set New Price Targets

A number of brokerages recently commented on BFAM. JPMorgan Chase & Co. lifted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group lifted their price objective on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Morgan Stanley lifted their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. Barclays lifted their price objective on 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. Finally, UBS Group lifted their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.13.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. 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 available at the SEC website. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Down 1.9 %

NYSE:BFAM opened at $113.91 on Tuesday. Bright Horizons Family Solutions Inc. has a 1 year low of $80.29 and a 1 year high of $141.90. 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 stock has a market cap of $6.61 billion, a price-to-earnings ratio of 57.24 and a beta of 1.49. The stock has a 50-day moving average price of $133.94 and a two-hundred day moving average price of $122.54.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.65% and a net margin of 4.44%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. As a group, equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Bright Horizons Family Solutions Company 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.