Raiffeisen Bank International AG Sells 5,986 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Key Points

• Raiffeisen Bank International AG has reduced its holdings in Bright Horizons Family Solutions Inc. by 2.7%, selling 5,986 shares to own 215,632 shares valued at approximately $27.3 million.
• Several institutional investors, including Larsen Financial Group LLC and Global Financial Private Client LLC, significantly increased their stakes in the company during the same quarter.
• Bright Horizons reported a better-than-expected earnings per share of $1.07, exceeding analysts' estimates, and experienced a 9.2% increase in revenue year-over-year.

Raiffeisen Bank International AG lessened its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,632 shares of the company's stock after selling 5,986 shares during the period. Raiffeisen Bank International AG owned approximately 0.38% of Bright Horizons Family Solutions worth $27,299,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its stake in Bright Horizons Family Solutions by 60.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock valued at $549,654,000 after purchasing an additional 1,868,117 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Bright Horizons Family Solutions by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company's stock worth $328,908,000 after acquiring an additional 29,425 shares in the last quarter. Bamco Inc. NY increased its position in shares of Bright Horizons Family Solutions by 4.7% during the fourth quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock worth $172,846,000 after acquiring an additional 69,940 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Bright Horizons Family Solutions by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 929,542 shares of the company's stock worth $103,075,000 after acquiring an additional 4,710 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Bright Horizons Family Solutions by 7.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 811,829 shares of the company's stock worth $89,991,000 after acquiring an additional 53,310 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BFAM. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley lowered their price objective 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 issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $137.75.

Bright Horizons Family Solutions Stock Up 0.5%

Shares of NYSE BFAM traded up $0.55 during trading on Thursday, hitting $119.74. The stock had a trading volume of 273,790 shares, compared to its average volume of 490,407. The company has a market capitalization of $6.86 billion, a PE ratio of 39.23 and a beta of 1.34. The firm has a fifty day moving average of $120.22 and a two-hundred day moving average of $122.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60. 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 posted its quarterly 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 company had revenue of $731.57 million for the quarter, compared to analyst estimates of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.31%. The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director David H. Lissy sold 6,282 shares of the 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 sale, the director directly owned 69,312 shares of the company's stock, valued at approximately $9,017,491.20. This represents a 8.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $128,990.00. Following the sale, the chief operating officer directly owned 28,449 shares in the company, valued at $3,669,636.51. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,282 shares of company stock valued at $2,212,923 over the last 90 days. 1.21% of the stock is owned by corporate insiders.

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.