Impax Asset Management Group plc Buys New Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Impax Asset Management Group plc purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, HoldingsChannel.com reports. The firm purchased 20,388 shares of the company’s stock, valued at approximately $2,857,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position 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 worth $607,242,000 after purchasing an additional 29,942 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Bright Horizons Family Solutions by 1.5% in the second 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 last quarter. Massachusetts Financial Services Co. MA raised its stake in Bright Horizons Family Solutions by 3.3% during the second 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after buying an additional 51,024 shares during the last quarter. Finally, Geneva Capital Management LLC grew its position in shares of Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock worth $80,631,000 after acquiring an additional 2,649 shares in the last quarter.

Bright Horizons Family Solutions Trading Down 2.8 %

Shares of Bright Horizons Family Solutions stock opened at $104.00 on Friday. The business has a fifty day simple moving average of $131.45 and a 200-day simple moving average of $122.50. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 52.26 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a fifty-two week low of $85.95 and a fifty-two week high of $141.90. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. On average, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Robert W. Baird raised their price objective on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Barclays raised their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. BMO Capital Markets raised 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. Finally, UBS Group lifted their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus target price of $141.13.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the 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 completion of the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.22% of the company’s stock.

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.