Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock Holdings Reduced by Graphene Investments SAS

Graphene Investments SAS cut its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 12.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,400 shares of the company's stock after selling 3,500 shares during the period. Bright Horizons Family Solutions comprises approximately 2.3% of Graphene Investments SAS's portfolio, making the stock its 10th largest position. Graphene Investments SAS's holdings in Bright Horizons Family Solutions were worth $3,100,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BFAM. Perpetual Ltd grew its position in shares of Bright Horizons Family Solutions by 27.4% in the first quarter. Perpetual Ltd now owns 7,709 shares of the company's stock valued at $979,000 after purchasing an additional 1,658 shares during the last quarter. Bessemer Group Inc. lifted its position in Bright Horizons Family Solutions by 4.3% during 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. Asset Management One Co. Ltd. boosted its holdings in shares of Bright Horizons Family Solutions by 17.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 55,713 shares of the company's stock valued at $7,066,000 after purchasing an additional 8,470 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Bright Horizons Family Solutions by 17.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,473 shares of the company's stock worth $1,966,000 after purchasing an additional 2,271 shares during the period. Finally, Praxis Investment Management Inc. purchased a new position in Bright Horizons Family Solutions in the first quarter valued at about $205,000.

Analysts Set New Price Targets

BFAM has been the subject of several recent research reports. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their target price for the company from $146.00 to $135.00 in a research note on Monday. Morgan Stanley increased their price objective on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.67.

Bright Horizons Family Solutions Stock Down 0.7%

Shares of BFAM stock opened at $120.33 on Friday. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 43.44 and a beta of 1.33. 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 stock's 50 day simple moving average is $123.82 and its 200 day simple moving average is $120.97.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The business had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Activity at Bright Horizons Family Solutions

In related news, Director David H. Lissy sold 6,282 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total transaction of $817,288.20. Following the transaction, the director now owns 69,312 shares in the company, valued at $9,017,491.20. This represents a 8.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $125.36, for a total transaction of $125,360.00. Following the completion of the transaction, the chief operating officer now directly owns 31,449 shares of the company's stock, valued at approximately $3,942,446.64. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,282 shares of company stock valued at $1,726,433 in the last 90 days. 1.21% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Company 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.

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