Natixis Advisors LLC Acquires 5,436 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Key Points

• Natixis Advisors LLC increased its stake in Bright Horizons Family Solutions Inc. by 24.5% in the first quarter, owning 27,587 shares valued at $3,505,000.
• Bright Horizons reported a quarterly earnings per share (EPS) of $1.07, exceeding expectations and showing a 9.2% year-over-year revenue increase.
• Analysts have a consensus rating of "Moderate Buy" for Bright Horizons, with a price target of $137.75, although Morgan Stanley has downgraded the stock's price objective to $100.00.

Natixis Advisors LLC grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 24.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,587 shares of the company's stock after acquiring an additional 5,436 shares during the period. Natixis Advisors LLC's holdings in Bright Horizons Family Solutions were worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BFAM. T. Rowe Price Investment Management Inc. boosted its holdings in Bright Horizons Family Solutions by 60.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after buying an additional 1,868,117 shares during the period. Point72 Asset Management L.P. boosted its holdings in Bright Horizons Family Solutions by 199.6% in the 4th quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company's stock worth $74,451,000 after buying an additional 447,457 shares during the period. Premier Fund Managers Ltd bought a new position in Bright Horizons Family Solutions in the 1st quarter worth $50,653,000. Millennium Management LLC boosted its holdings in Bright Horizons Family Solutions by 1,081.6% in the 4th quarter. Millennium Management LLC now owns 354,241 shares of the company's stock worth $39,268,000 after buying an additional 324,262 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Bright Horizons Family Solutions by 742.8% in the 4th quarter. Deutsche Bank AG now owns 273,399 shares of the company's stock worth $30,306,000 after buying an additional 240,960 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded down $0.86 during mid-day trading on Friday, hitting $119.36. 530,168 shares of the company's stock traded hands, compared to its average volume of 671,317. The company's 50-day moving average is $119.86 and its two-hundred day moving average is $122.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $6.83 billion, a P/E ratio of 39.13 and a beta of 1.34. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.07. The firm had revenue of $731.57 million for the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.31%. The business's revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $128.99, for a total value of $128,990.00. Following the sale, the chief operating officer directly owned 28,449 shares of the company's stock, valued at $3,669,636.51. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. This trade represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,282 shares of company stock valued at $2,212,923. Company insiders own 1.21% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a report on Monday, July 28th. Jefferies Financial Group cut shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their price target for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and an average target price of $137.75.

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.