Federated Hermes Inc. Has $2.54 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Federated Hermes Inc. lowered its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 92.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,954 shares of the company's stock after selling 332,430 shares during the quarter. Federated Hermes Inc.'s holdings in Bright Horizons Family Solutions were worth $2,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Bright Horizons Family Solutions by 102.2% in the third quarter. Signaturefd LLC now owns 653 shares of the company's stock valued at $53,000 after buying an additional 330 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth approximately $176,000. Sfmg LLC purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth approximately $210,000. Xponance Inc. raised its stake in shares of Bright Horizons Family Solutions by 18.7% during the third quarter. Xponance Inc. now owns 3,238 shares of the company's stock worth $264,000 after purchasing an additional 510 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter worth approximately $343,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on BFAM shares. Robert W. Baird upped their price target on Bright Horizons Family Solutions from $94.00 to $105.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Barclays raised Bright Horizons Family Solutions from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price objective on Bright Horizons Family Solutions from $93.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday, February 14th. UBS Group dropped their price objective on Bright Horizons Family Solutions from $103.00 to $102.00 and set a "neutral" rating on the stock in a report on Wednesday, February 14th. Finally, StockNews.com lowered Bright Horizons Family Solutions from a "hold" rating to a "sell" rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $102.38.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock traded up $0.40 during trading hours on Friday, hitting $106.68. The stock had a trading volume of 155,361 shares, compared to its average volume of 215,112. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 84.00, a PEG ratio of 4.10 and a beta of 1.37. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $119.21. The stock's fifty day moving average is $111.31 and its two-hundred day moving average is $97.95.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.24% and a net margin of 3.07%. The business had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. As a group, analysts predict that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Mary Lou Burke sold 600 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $98.88, for a total value of $59,328.00. Following the sale, the chief operating officer now directly owns 38,753 shares in the company, valued at $3,831,896.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Mary Lou Burke sold 600 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.88, for a total transaction of $59,328.00. Following the transaction, the chief operating officer now directly owns 38,753 shares in the company, valued at $3,831,896.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the transaction, the chief financial officer now owns 89,983 shares in the company, valued at $10,237,365.91. The disclosure for this sale can be found here. Insiders have sold 17,740 shares of company stock worth $1,996,191 over the last three months. 1.28% of the stock is currently 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.