Daiwa Securities Group Inc. Trims Position in Bright Horizons Family Solutions Inc (BFAM)

Daiwa Securities Group Inc. reduced its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 21.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 545 shares of the company’s stock after selling 145 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Bright Horizons Family Solutions were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Bright Horizons Family Solutions in the fourth quarter worth $114,000. Enlightenment Research LLC acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth $67,000. LPL Financial LLC raised its stake in Bright Horizons Family Solutions by 16.9% during the fourth quarter. LPL Financial LLC now owns 18,610 shares of the company’s stock worth $2,074,000 after acquiring an additional 2,690 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Bright Horizons Family Solutions by 11.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,262 shares of the company’s stock worth $364,000 after acquiring an additional 330 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth $1,137,000. 97.87% of the stock is owned by hedge funds and other institutional investors.

In other news, Chairman David H. Lissy sold 37,673 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $124.68, for a total value of $4,697,069.64. Following the completion of the sale, the chairman now directly owns 325,995 shares in the company, valued at $40,645,056.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Mandy Berman sold 5,294 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $119.70, for a total value of $633,691.80. Following the completion of the sale, the chief accounting officer now owns 22,768 shares of the company’s stock, valued at $2,725,329.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,216 shares of company stock valued at $9,469,461. 1.90% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a research note on Monday. Citigroup increased their price objective on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Bank of America reiterated a “neutral” rating and set a $123.00 price objective (up from $115.00) on shares of Bright Horizons Family Solutions in a research note on Wednesday, February 13th. Finally, ValuEngine upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $127.00.

Bright Horizons Family Solutions stock opened at $131.05 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.40 and a quick ratio of 0.40. Bright Horizons Family Solutions Inc has a 52-week low of $97.10 and a 52-week high of $132.41. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 43.25, a P/E/G ratio of 3.63 and a beta of 0.33.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. Bright Horizons Family Solutions had a return on equity of 23.89% and a net margin of 8.38%. The firm had revenue of $501.76 million during the quarter, compared to analyst estimates of $497.24 million. During the same period in the prior year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts anticipate that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current fiscal year.

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Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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