Bright Horizons Family Solutions Inc (NYSE:BFAM) Stock Position Raised by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its position in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 10.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,926 shares of the company’s stock after purchasing an additional 14,127 shares during the period. Royal London Asset Management Ltd. owned 0.26% of Bright Horizons Family Solutions worth $22,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Bright Horizons Family Solutions by 3.2% during the 1st quarter. BlackRock Inc. now owns 3,033,227 shares of the company’s stock valued at $385,552,000 after acquiring an additional 95,060 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Bright Horizons Family Solutions by 9.4% during the 1st quarter. Neuberger Berman Group LLC now owns 1,734,443 shares of the company’s stock valued at $220,465,000 after acquiring an additional 148,453 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Bright Horizons Family Solutions by 1.6% during the 1st quarter. Wells Fargo & Company MN now owns 1,250,300 shares of the company’s stock valued at $158,926,000 after acquiring an additional 19,601 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Bright Horizons Family Solutions by 2.6% during the 1st quarter. Janus Henderson Group PLC now owns 788,352 shares of the company’s stock valued at $100,207,000 after acquiring an additional 20,071 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Bright Horizons Family Solutions by 0.4% during the 1st quarter. Pictet Asset Management Ltd. now owns 714,024 shares of the company’s stock valued at $90,760,000 after acquiring an additional 2,925 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

In other news, Director Marguerite Kondracke sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $149.20, for a total transaction of $447,600.00. Following the sale, the director now owns 11,457 shares of the company’s stock, valued at approximately $1,709,384.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Ann Tocio sold 20,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $154.06, for a total value of $3,081,200.00. Following the sale, the director now directly owns 82,282 shares in the company, valued at approximately $12,676,364.92. The disclosure for this sale can be found here. Insiders sold a total of 59,556 shares of company stock worth $8,830,927 in the last ninety days. Insiders own 1.90% of the company’s stock.

BFAM has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions to $152.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Wednesday, August 7th. Goldman Sachs Group raised Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. Finally, ValuEngine lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $134.57.

BFAM traded up $1.27 during midday trading on Tuesday, reaching $155.36. The company’s stock had a trading volume of 1,947 shares, compared to its average volume of 271,322. The stock has a market capitalization of $9.00 billion, a PE ratio of 51.31, a P/E/G ratio of 4.50 and a beta of 0.29. The firm has a fifty day simple moving average of $152.79. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.41 and a current ratio of 0.41. Bright Horizons Family Solutions Inc has a twelve month low of $105.15 and a twelve month high of $157.31.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.92. The firm had revenue of $528.06 million for the quarter, compared to analyst estimates of $531.13 million. Bright Horizons Family Solutions had a return on equity of 23.29% and a net margin of 8.67%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc will post 3.4 earnings per share for the current year.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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