Segall Bryant & Hamill LLC Sells 3,049 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Segall Bryant & Hamill LLC reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,964 shares of the company’s stock after selling 3,049 shares during the period. Segall Bryant & Hamill LLC’s holdings in Bright Horizons Family Solutions were worth $10,645,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $35,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after purchasing an additional 306 shares during the period. Daiwa Securities Group Inc. grew its holdings in Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares during the last quarter.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Barclays lifted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. The Goldman Sachs Group lifted their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $137.00 to $125.00 in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $141.50.

Bright Horizons Family Solutions Trading Up 2.3 %

Bright Horizons Family Solutions stock opened at $110.82 on Friday. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 55.69 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 12-month low of $86.79 and a 12-month high of $141.90. The firm has a 50 day moving average of $129.65 and a 200 day moving average of $122.54. The company has a current ratio of 0.61, a quick 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, research analysts predict that Bright Horizons Family Solutions Inc. will post 3 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.