Raiffeisen Bank International AG Reduces Stock Position in 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 reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 215,632 shares of the company's stock after selling 5,986 shares during the quarter. Raiffeisen Bank International AG owned about 0.38% of Bright Horizons Family Solutions worth $27,299,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in Bright Horizons Family Solutions by 62.2% during the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock valued at $26,000 after purchasing an additional 79 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after buying an additional 143 shares during the last quarter. Global Financial Private Client LLC boosted its position in shares of Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after buying an additional 232 shares during the last quarter. HM Payson & Co. bought a new stake in Bright Horizons Family Solutions during the first quarter worth $50,000. Finally, GAMMA Investing LLC raised its position in Bright Horizons Family Solutions by 72.7% in the 1st 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.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BFAM shares. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price objective for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley cut their price target on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.75.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $3.41 during midday trading on Tuesday, reaching $120.67. The company had a trading volume of 176,262 shares, compared to its average volume of 482,743. The stock has a market cap of $6.91 billion, a P/E ratio of 39.48 and a beta of 1.34. The company's 50 day moving average price is $120.70 and its 200 day moving average price is $122.12. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.90.

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

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the firm's 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 directly owned 69,312 shares of the company's stock, valued at $9,017,491.20. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $128.99, for a total value of $128,990.00. Following the transaction, the chief operating officer directly owned 28,449 shares in the company, valued at $3,669,636.51. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,282 shares of company stock worth $1,852,623 in the last ninety days. Company insiders own 1.21% of the company's stock.

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.