Ensign Peak Advisors Inc Has $2.60 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Ensign Peak Advisors Inc boosted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,409 shares of the company's stock after acquiring an additional 3,941 shares during the quarter. Ensign Peak Advisors Inc's holdings in Bright Horizons Family Solutions were worth $2,595,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Atala Financial Inc bought a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $32,000. Tortoise Investment Management LLC boosted its holdings 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 last quarter. Avanza Fonder AB bought a new position in Bright Horizons Family Solutions during the fourth quarter worth about $93,000. Federated Hermes Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 194.8% during the 4th 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. Finally, Tower Research Capital LLC TRC lifted its holdings 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 purchasing an additional 1,279 shares in the last quarter.

Insider Activity

In related news, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the sale, the director now owns 22,757 shares of the company's stock, valued at $2,838,708.18. This trade represents a 9.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $125.36, for a total value of $125,360.00. Following the sale, the chief operating officer now directly owns 31,449 shares of the company's stock, valued at $3,942,446.64. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,500 shares of company stock worth $561,900. 1.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets lifted their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. UBS Group dropped their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. Finally, StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and an average price target of $138.33.

Bright Horizons Family Solutions Stock Performance

BFAM traded down $0.37 during trading on Monday, hitting $123.96. The stock had a trading volume of 560,781 shares, compared to its average volume of 446,738. The company has a 50 day moving average price of $121.81 and a 200-day moving average price of $118.94. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 51.65 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. 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 (NYSE:BFAM - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The firm had revenue of $665.53 million during the quarter, compared to the consensus estimate of $664.34 million. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. As a group, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

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.