Axa S.A. Has $3.80 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

AXA S.A. raised its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,294 shares of the company's stock after acquiring an additional 2,607 shares during the quarter. AXA S.A. owned approximately 0.06% of Bright Horizons Family Solutions worth $3,801,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BFAM. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at approximately $25,000. Atala Financial Inc acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth $32,000. Tortoise Investment Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after acquiring an additional 181 shares in the last quarter. Avanza Fonder AB acquired a new stake in Bright Horizons Family Solutions during the fourth quarter valued at $93,000. Finally, Federated Hermes Inc. grew its stake in Bright Horizons Family Solutions by 194.8% in the fourth quarter. Federated Hermes Inc. now owns 914 shares of the company's stock valued at $101,000 after purchasing an additional 604 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM traded down $0.02 during trading hours on Friday, hitting $121.97. 536,320 shares of the company's stock were exchanged, compared to its average volume of 442,679. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 50.82 and a beta of 1.32. The company's 50-day moving average price is $122.23 and its 200-day moving average price is $119.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The company had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. During the same period in the prior year, the business earned $0.51 earnings per share. Bright Horizons Family Solutions's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BFAM. BMO Capital Markets lifted their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Jefferies Financial Group decreased their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, Morgan Stanley increased their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.33.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % 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, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now owns 33,449 shares in the company, valued at approximately $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,500 shares of company stock valued at $561,900. Insiders own 1.22% of the company's stock.

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.