Short Interest in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Decreases By 10.5%

Bright Horizons Family Solutions Inc. (NYSE:BFAM) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 643,300 shares, a decrease of 10.5% from the November 15th total of 718,800 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 542,600 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

BFAM has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Morgan Stanley decreased their price target on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, December 12th. Barclays upped their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report 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 company a “neutral” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.75.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock traded down $0.25 on Tuesday, reaching $108.14. The company’s stock had a trading volume of 922,734 shares, compared to its average volume of 408,403. The business’s fifty day moving average price is $120.73 and its 200 day moving average price is $123.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 54.54 and a beta of 1.43. Bright Horizons Family Solutions has a twelve month low of $90.56 and a twelve month high of $141.90.

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

Insider Buying and Selling at Bright Horizons Family Solutions

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its stake in shares of Bright Horizons Family Solutions by 3.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,849 shares of the company’s stock valued at $1,084,000 after buying an additional 304 shares during the period. Raymond James & Associates raised its holdings in Bright Horizons Family Solutions by 4.7% during the 2nd quarter. Raymond James & Associates now owns 532,655 shares of the company’s stock worth $58,635,000 after purchasing an additional 23,863 shares during the last quarter. &PARTNERS acquired a new position in Bright Horizons Family Solutions during the 2nd quarter valued at about $488,000. Bank of New York Mellon Corp lifted its position in Bright Horizons Family Solutions by 8.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 212,879 shares of the company’s stock valued at $23,434,000 after purchasing an additional 17,100 shares during the period. Finally, Bailard Inc. boosted its stake in shares of Bright Horizons Family Solutions by 55.0% in the 2nd quarter. Bailard Inc. now owns 6,812 shares of the company’s stock valued at $750,000 after purchasing an additional 2,418 shares during the last quarter.

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.