Bessemer Group Inc. Has $1.49 Million Holdings in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Bessemer Group Inc. reduced its position in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 26.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,852 shares of the company’s stock after selling 5,668 shares during the quarter. Bessemer Group Inc.’s holdings in Bright Horizons Family Solutions were worth $1,490,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Zions Bancorporation bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at about $170,000. Advisor Group Inc. raised its position in shares of Bright Horizons Family Solutions by 213.6% in the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after purchasing an additional 1,354 shares during the period. Keybank National Association OH bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at about $221,000. Private Advisor Group LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at about $237,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Bright Horizons Family Solutions in the second quarter valued at about $239,000. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

BFAM has been the topic of several research reports. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. Credit Suisse Group upped their price target on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Citigroup upped their price target on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Robert W. Baird restated a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $100.13.

In other news, Director Mary Ann Tocio sold 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $93.16, for a total value of $335,376.00. Following the sale, the director now directly owns 64,218 shares in the company, valued at approximately $5,982,548.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $94.48, for a total transaction of $103,928.00. Following the completion of the sale, the chief operating officer now owns 31,161 shares in the company, valued at $2,944,091.28. The disclosure for this sale can be found here. Insiders have sold 41,348 shares of company stock worth $3,953,265 over the last quarter. Corporate insiders own 2.90% of the company’s stock.

Shares of Bright Horizons Family Solutions Inc (BFAM) traded down $0.17 during trading on Wednesday, reaching $94.99. 19,493 shares of the company’s stock were exchanged, compared to its average volume of 205,439. The firm has a market capitalization of $5,521.06, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 2.19 and a beta of 0.15. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. Bright Horizons Family Solutions Inc has a 12-month low of $67.57 and a 12-month high of $98.84.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $440.00 million for the quarter, compared to the consensus estimate of $438.99 million. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.75%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. research analysts forecast that Bright Horizons Family Solutions Inc will post 2.83 earnings per share for the current year.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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