Bright Horizons Family Solutions Inc (BFAM) Shares Bought by Prudential PLC

Prudential PLC raised its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 448.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,616 shares of the company’s stock after purchasing an additional 10,316 shares during the quarter. Prudential PLC’s holdings in Bright Horizons Family Solutions were worth $1,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Enlightenment Research LLC purchased a new stake in Bright Horizons Family Solutions during the 4th quarter worth $67,000. Private Advisor Group LLC increased its stake in Bright Horizons Family Solutions by 51.3% during the 3rd quarter. Private Advisor Group LLC now owns 7,976 shares of the company’s stock worth $940,000 after buying an additional 2,706 shares during the period. Federated Investors Inc. PA increased its stake in Bright Horizons Family Solutions by 70.2% during the 3rd quarter. Federated Investors Inc. PA now owns 8,377 shares of the company’s stock worth $987,000 after buying an additional 3,455 shares during the period. Nomura Asset Management Co. Ltd. purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter worth $848,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Bright Horizons Family Solutions by 11.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,262 shares of the company’s stock worth $364,000 after buying an additional 330 shares during the period. Institutional investors own 96.89% of the company’s stock.

Several research firms recently issued reports on BFAM. Citigroup lifted their price target on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. BMO Capital Markets lifted their price target on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Bank of America reaffirmed a “neutral” rating and set a $123.00 price target (up previously from $115.00) on shares of Bright Horizons Family Solutions in a research note on Wednesday, February 13th. ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus target price of $119.44.

In other news, Chairman David H. Lissy sold 37,673 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $124.68, for a total value of $4,697,069.64. Following the completion of the sale, the chairman now owns 325,995 shares of the company’s stock, valued at approximately $40,645,056.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Lou Burke sold 852 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $119.70, for a total transaction of $101,984.40. Following the completion of the sale, the chief operating officer now directly owns 26,612 shares of the company’s stock, valued at approximately $3,185,456.40. The disclosure for this sale can be found here. Insiders sold a total of 67,225 shares of company stock valued at $8,250,394 in the last three months. Insiders own 2.20% of the company’s stock.

BFAM opened at $125.55 on Friday. The stock has a market capitalization of $7.26 billion, a PE ratio of 41.44, a P/E/G ratio of 3.53 and a beta of 0.34. Bright Horizons Family Solutions Inc has a 1-year low of $91.29 and a 1-year high of $126.48. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Tuesday, February 12th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.11. The company had revenue of $478.00 million during the quarter, compared to the consensus estimate of $481.48 million. Bright Horizons Family Solutions had a net margin of 8.30% and a return on equity of 23.49%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 EPS. On average, equities analysts expect that Bright Horizons Family Solutions Inc will post 3.35 EPS for the current year.

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Bright Horizons Family Solutions Profile

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

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

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