Squarepoint Ops LLC Takes $17.07 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Squarepoint Ops LLC acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 153,975 shares of the company's stock, valued at approximately $17,068,000. Squarepoint Ops LLC owned about 0.26% of Bright Horizons Family Solutions at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Atala Financial Inc purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $32,000. Tortoise Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after buying an additional 181 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Bright Horizons Family Solutions by 194.8% during the 4th quarter. Federated Hermes Inc. now owns 914 shares of the company's stock valued at $101,000 after buying an additional 604 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Bright Horizons Family Solutions by 203.9% in the 4th quarter. LRI Investments LLC now owns 1,389 shares of the company's stock valued at $154,000 after purchasing an additional 932 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Bright Horizons Family Solutions by 926.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock valued at $157,000 after purchasing an additional 1,279 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BFAM. Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six 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 an average rating of "Moderate Buy" and an average price target of $138.33.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded up $3.08 during trading hours on Tuesday, reaching $132.70. 160,142 shares of the company were exchanged, compared to its average volume of 449,538. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock's 50-day moving average is $121.74 and its 200-day moving average is $119.11. The firm has a market cap of $7.60 billion, a PE ratio of 55.26 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. The company had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the sale, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. The trade was a 9.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $125.36, for a total value of $125,360.00. Following the completion of the sale, the chief operating officer now directly owns 31,449 shares in the company, valued at $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 4,500 shares of company stock valued at $561,900 over the last ninety days. Insiders own 1.22% 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.