Blueshift Asset Management LLC Invests $429,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Blueshift Asset Management LLC purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,062 shares of the company’s stock, valued at approximately $429,000.

A number of other hedge funds have also bought and sold shares of the business. OLD National Bancorp IN increased its stake in shares of Bright Horizons Family Solutions by 2.7% in the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock worth $443,000 after purchasing an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Bright Horizons Family Solutions by 6.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after acquiring an additional 119 shares during the period. Avior Wealth Management LLC lifted its position in shares of Bright Horizons Family Solutions by 2.9% during the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock worth $655,000 after acquiring an additional 133 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after acquiring an additional 145 shares during the period. Finally, MJP Associates Inc. ADV grew its position in shares of Bright Horizons Family Solutions by 7.0% in the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after purchasing an additional 157 shares in the last quarter.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred 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. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.22% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Trading Up 0.1 %

NYSE BFAM opened at $115.25 on Friday. The stock has a 50-day moving average of $127.12 and a 200-day moving average of $122.55. 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 Inc. has a 1-year low of $86.79 and a 1-year high of $141.90. The firm has a market cap of $6.71 billion, a PE ratio of 57.91 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same quarter in the prior year, the company posted $0.78 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BFAM. JPMorgan Chase & Co. increased their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Barclays raised their price objective on shares of 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. The Goldman Sachs Group increased 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 research note on Tuesday, November 5th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Finally, Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and an average target price of $141.50.

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.