Nippon Life Global Investors Americas Inc. Purchases 2,000 Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM)

Nippon Life Global Investors Americas Inc. boosted its position in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 4.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,850 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Nippon Life Global Investors Americas Inc. owned about 0.09% of Bright Horizons Family Solutions worth $7,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bluestein R H & Co. bought a new stake in Bright Horizons Family Solutions during the 1st quarter worth about $381,000. Nomura Asset Management Co. Ltd. raised its holdings in Bright Horizons Family Solutions by 1.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock worth $1,725,000 after purchasing an additional 170 shares during the last quarter. Legal & General Group Plc raised its holdings in Bright Horizons Family Solutions by 12.4% during the 4th quarter. Legal & General Group Plc now owns 33,573 shares of the company’s stock worth $3,741,000 after purchasing an additional 3,717 shares during the last quarter. Brinker Capital Inc. raised its holdings in Bright Horizons Family Solutions by 6.8% during the 1st quarter. Brinker Capital Inc. now owns 16,305 shares of the company’s stock worth $2,073,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new stake in Bright Horizons Family Solutions during the 1st quarter worth about $47,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Linda A. Mason sold 3,700 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $155.00, for a total transaction of $573,500.00. Following the completion of the sale, the director now directly owns 13,227 shares of the company’s stock, valued at approximately $2,050,185. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephen I. Dreier sold 6,500 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $151.84, for a total value of $986,960.00. Following the sale, the executive vice president now directly owns 41,023 shares of the company’s stock, valued at $6,228,932.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,756 shares of company stock valued at $5,458,127. 1.90% of the stock is owned by company insiders.

Shares of BFAM stock traded down $0.53 on Friday, reaching $149.38. The company had a trading volume of 690 shares, compared to its average volume of 227,433. The stock’s 50-day simple moving average is $150.72. Bright Horizons Family Solutions Inc has a 12 month low of $105.15 and a 12 month high of $157.31. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $8.95 billion, a PE ratio of 48.90, a PEG ratio of 4.29 and a beta of 0.31.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The business had revenue of $528.06 million during the quarter, compared to analysts’ expectations of $531.13 million. During the same period in the prior year, the business earned $0.87 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts anticipate that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current year.

Several brokerages have weighed in on BFAM. ValuEngine cut Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday. BMO Capital Markets boosted their price objective on Bright Horizons Family Solutions to $152.00 and gave the stock a “market perform” rating in a report on Wednesday, July 10th. Zacks Investment Research cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, Goldman Sachs Group raised Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bright Horizons Family Solutions currently has a consensus rating of “Hold” and an average price target of $131.29.

Bright Horizons Family Solutions Company 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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