Invesco Ltd. Has $60.46 Million Stake in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Invesco Ltd. increased its stake in Bright Horizons Family Solutions Inc. by 4.6%, acquiring an additional 20,784 shares, bringing its total ownership to 475,900 shares valued at approximately $60.5 million.
• Several investment firms have raised their positions in Bright Horizons, with Global Financial Private Client LLC leading at a 244.2% increase, indicating growing confidence in the company's prospects.
• Analysts have expressed mixed sentiments, with Morgan Stanley lowering its price target from $106 to $100 and Jefferies downgrading its rating from "buy" to "hold," amidst a consensus rating of "Moderate Buy" at a target of $137.75.

Invesco Ltd. grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 475,900 shares of the company's stock after purchasing an additional 20,784 shares during the quarter. Invesco Ltd. owned 0.83% of Bright Horizons Family Solutions worth $60,458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BFAM. Larson Financial Group LLC lifted its stake 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 worth $26,000 after acquiring an additional 79 shares in the last quarter. Parallel Advisors LLC lifted its stake 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 worth $41,000 after acquiring an additional 143 shares in the last quarter. Global Financial Private Client LLC lifted its stake in shares of Bright Horizons Family Solutions by 244.2% in the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after acquiring an additional 232 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Bright Horizons Family Solutions in the first quarter worth about $50,000. Finally, GAMMA Investing LLC increased its holdings in Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after buying an additional 200 shares during the last quarter.

Insiders Place Their Bets

In other news, Director David H. Lissy sold 6,282 shares of the stock in a transaction on Wednesday, May 28th. The stock was 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 in the company, valued at $9,017,491.20. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction on 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 transaction, the chief financial officer directly owned 80,162 shares in the company, valued at $10,594,209.92. This trade represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,282 shares of company stock worth $2,212,923 over the last three months. Company insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Price Performance

NYSE BFAM traded down $1.99 on Monday, reaching $119.41. 435,864 shares of the stock traded hands, compared to its average volume of 748,253. The firm's fifty day simple moving average is $118.91 and its 200 day simple moving average is $122.07. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 39.15 and a beta of 1.34. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%. The company had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company's quarterly revenue was up 9.2% compared to the same quarter last year. As a group, 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 commented on BFAM shares. Jefferies Financial Group lowered 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 report on Monday, June 23rd. Morgan Stanley decreased their price objective on 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. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $137.75.

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.