Bright Horizons Family Solutions Inc. (NYSE:BFAM) Position Increased by Allianz SE

Key Points

• Allianz SE significantly increased its stake in Bright Horizons Family Solutions by 5,181.0% during the 1st quarter, owning 3,327 shares worth approximately $423,000.
• Several analysts have downgraded the stock's ratings and price targets, with Jefferies lowering its target from $146.00 to $135.00, currently rating it as a "hold".
• Recent insider transactions indicate a decrease in holdings, as Director Mary Ann Tocio sold 2,500 shares and CFO Elizabeth J. Boland sold 3,500 shares in late May, reflecting a 10.99% and 4.18% decrease in their respective positions.

Allianz SE raised its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 5,181.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,327 shares of the company's stock after buying an additional 3,264 shares during the period. Allianz SE's holdings in Bright Horizons Family Solutions were worth $423,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Bright Horizons Family Solutions by 355.6% in the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock valued at $1,415,000 after acquiring an additional 8,694 shares in the last quarter. Impax Asset Management Group plc raised its stake in Bright Horizons Family Solutions by 13.8% during the 1st quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock valued at $3,690,000 after purchasing an additional 3,514 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of Bright Horizons Family Solutions by 9.9% in the first quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock valued at $77,855,000 after purchasing an additional 55,115 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 4.3% in the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock worth $36,826,000 after buying an additional 11,967 shares during the period. Finally, Barclays PLC boosted its position in shares of Bright Horizons Family Solutions by 57.5% in the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock worth $3,355,000 after buying an additional 11,057 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on BFAM shares. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price target for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley reduced their price target on shares of 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. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.75.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $128.49, for a total value of $321,225.00. Following the transaction, the director owned 20,257 shares of the company's stock, valued at $2,602,821.93. This represents a 10.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total value of $462,560.00. Following the completion of the sale, the chief financial officer owned 80,162 shares of the company's stock, valued at $10,594,209.92. This represents a 4.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,282 shares of company stock valued at $1,723,633. 1.21% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $125.09 on Monday. The stock has a market capitalization of $7.16 billion, a P/E ratio of 41.01 and a beta of 1.34. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. The firm has a 50 day moving average of $120.82 and a 200-day moving average of $122.07.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.31%. The firm had revenue of $731.57 million for the quarter, compared to analyst estimates of $724.32 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company's revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal 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.

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