Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Natixis Advisors LLC

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 raised its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 24.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,587 shares of the company's stock after purchasing an additional 5,436 shares during the period. Natixis Advisors LLC's holdings in Bright Horizons Family Solutions were worth $3,505,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock valued at $26,000 after acquiring an additional 79 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Bright Horizons Family Solutions by 4.1% in the first quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company's stock valued at $267,000 after acquiring an additional 82 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Bright Horizons Family Solutions by 3.6% in the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock valued at $323,000 after acquiring an additional 101 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Bright Horizons Family Solutions by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company's stock valued at $2,808,000 after acquiring an additional 150 shares in the last quarter.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction of $128,990.00. Following the completion of the transaction, the chief operating officer directly owned 28,449 shares of the company's stock, valued at approximately $3,669,636.51. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary Ann Tocio sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the transaction, the director directly owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,282 shares of company stock valued at $2,212,923. 1.21% of the stock is owned by insiders.

Bright Horizons Family Solutions Trading Down 0.7%

Shares of NYSE BFAM traded down $0.86 during trading on Friday, reaching $119.36. The stock had a trading volume of 530,168 shares, compared to its average volume of 671,317. Bright Horizons Family Solutions Inc. has a fifty-two week low of $103.75 and a fifty-two week high of $141.90. 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 50-day moving average price is $119.86 and its 200-day moving average price is $122.08. The company has a market cap of $6.83 billion, a P/E ratio of 39.13 and a beta of 1.34.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock 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 price objective 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently 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.