Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock Holdings Boosted by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC significantly increased its stake in Bright Horizons Family Solutions Inc. by 304.9% during the first quarter, holding shares worth approximately $1.18 million.
• In recent insider trading, CFO Elizabeth J. Boland sold 3,500 shares for about $462,560, while Director David H. Lissy sold 6,282 shares worth around $817,288, both resulting in notable decreases in their ownership.
• Bright Horizons reported a quarterly earnings per share of $1.07, surpassing estimates, with a notable 9.2% revenue increase year-over-year, totaling approximately $731.57 million.

Blueshift Asset Management LLC grew its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 304.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,281 shares of the company's stock after acquiring an additional 6,989 shares during the period. Blueshift Asset Management LLC's holdings in Bright Horizons Family Solutions were worth $1,179,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BFAM. Larson Financial Group LLC boosted its position in shares of Bright Horizons Family Solutions by 62.2% in the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after buying an additional 79 shares in the last quarter. Parallel Advisors LLC increased its position in Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC increased its position in Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after purchasing an additional 232 shares in the last quarter. HM Payson & Co. purchased a new stake in Bright Horizons Family Solutions during the 1st quarter worth about $50,000. Finally, GAMMA Investing LLC increased its position in Bright Horizons Family Solutions by 72.7% during the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company's stock worth $60,000 after purchasing an additional 200 shares in the last quarter.

Bright Horizons Family Solutions Stock Down 4.4%

Shares of NYSE BFAM traded down $5.43 during midday trading on Tuesday, reaching $118.65. 582,699 shares of the company's stock were exchanged, compared to its average volume of 485,623. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.90. The stock has a market capitalization of $6.79 billion, a PE ratio of 38.91 and a beta of 1.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60. The business's fifty day moving average price is $120.70 and its two-hundred day moving average price is $122.12.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.07. The company had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.31%. The company's revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. Analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Activity at Bright Horizons Family Solutions

In other news, Director David H. Lissy sold 6,282 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total value of $817,288.20. Following the completion of the sale, the director owned 69,312 shares of the company's stock, valued at approximately $9,017,491.20. The trade was a 8.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the completion of the sale, the chief financial officer directly owned 80,162 shares of the company's stock, valued at $10,594,209.92. The trade was a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,282 shares of company stock worth $1,852,623 over the last quarter. Company insiders own 1.21% of the company's stock.

Analysts Set New Price Targets

BFAM has been the subject of a number of recent research reports. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their target price for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $137.75.

Bright Horizons Family Solutions 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.