XTX Topco Ltd Has $380,000 Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Key Points

• XTX Topco Ltd has decreased its holdings in Bright Horizons Family Solutions Inc. (BFAM) by 76.2%, reducing its shares from 12,578 to 2,989.
• A number of institutional investors have modified their stakes in BFAM, with Harvest Fund Management Co. Ltd increasing its position by 349.7% during the first quarter.
• Analysts have downgraded BFAM's rating; Jefferies Financial Group changed it from "buy" to "hold" and Morgan Stanley set a new price target of $100.00.

XTX Topco Ltd lessened its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 76.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,989 shares of the company's stock after selling 9,589 shares during the period. XTX Topco Ltd's holdings in Bright Horizons Family Solutions were worth $380,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Bright Horizons Family Solutions by 62.2% during the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Bright Horizons Family Solutions by 4.1% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company's stock worth $267,000 after purchasing an additional 82 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Bright Horizons Family Solutions by 3.6% during the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock worth $323,000 after purchasing an additional 101 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after purchasing an additional 143 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Bright Horizons Family Solutions by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company's stock worth $2,808,000 after purchasing an additional 150 shares in the last quarter.

Analyst Ratings Changes

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

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock traded up $1.84 during midday trading on Wednesday, reaching $119.90. The company had a trading volume of 188,227 shares, compared to its average volume of 493,912. The company has a current ratio of 0.56, a quick ratio of 0.60 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 39.31 and a beta of 1.34. The stock has a fifty day simple moving average of $119.44 and a 200 day simple moving average of $122.14. Bright Horizons Family Solutions Inc. has a 1-year low of $103.75 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly 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 15.12%. The business had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. During the same quarter last year, the business posted $0.88 earnings per share. Bright Horizons Family Solutions's revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total transaction of $360,300.00. Following the transaction, the director owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,282 shares of company stock valued at $2,212,923. 1.21% of the stock is currently 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.