Ensign Peak Advisors Inc Grows Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Ensign Peak Advisors Inc grew its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,409 shares of the company's stock after acquiring an additional 3,941 shares during the period. Ensign Peak Advisors Inc's holdings in Bright Horizons Family Solutions were worth $2,595,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $32,000. Tortoise Investment Management LLC grew its position in 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 buying an additional 181 shares during the period. Avanza Fonder AB purchased a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $93,000. Federated Hermes Inc. increased its holdings 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 buying an additional 604 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Bright Horizons Family Solutions by 926.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock valued at $157,000 after acquiring an additional 1,279 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded down $1.31 during trading on Wednesday, reaching $122.25. The company had a trading volume of 49,158 shares, compared to its average volume of 445,463. 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 twelve month low of $100.59 and a twelve month high of $141.90. The stock has a 50-day moving average price of $121.79 and a two-hundred day moving average price of $118.90. The stock has a market capitalization of $7.00 billion, a PE ratio of 50.93 and a beta of 1.32.

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BFAM shares. Morgan Stanley upped their price target on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. UBS Group cut their price target on 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. Jefferies Financial Group lowered their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.33.

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.