14,305 Shares in Bright Horizons Family Solutions Inc (BFAM) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,305 shares of the company’s stock, valued at approximately $1,467,000.

Other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd grew its holdings in Bright Horizons Family Solutions by 79.7% in the first quarter. Quadrature Capital Ltd now owns 10,831 shares of the company’s stock valued at $1,080,000 after purchasing an additional 4,804 shares during the last quarter. Key Square Capital Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the first quarter valued at $9,972,000. Daiwa SB Investments Ltd. acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at $1,776,000. Unigestion Holding SA acquired a new stake in Bright Horizons Family Solutions in the 2nd quarter worth about $3,061,000. Finally, Forsta AP Fonden acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth about $2,094,000. 99.00% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on BFAM shares. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Friday, May 4th. Citigroup raised their price target on Bright Horizons Family Solutions from $107.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. Bank of America raised their price target on Bright Horizons Family Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, May 1st. BMO Capital Markets decreased their price target on Bright Horizons Family Solutions from $107.00 to $105.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 1st. Finally, JPMorgan Chase & Co. raised their price target on Bright Horizons Family Solutions from $103.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Bright Horizons Family Solutions currently has a consensus rating of “Hold” and an average price target of $104.91.

Bright Horizons Family Solutions stock opened at $117.28 on Monday. The stock has a market capitalization of $6.80 billion, a PE ratio of 45.99, a PEG ratio of 2.68 and a beta of 0.07. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.39. Bright Horizons Family Solutions Inc has a 12 month low of $77.68 and a 12 month high of $117.74.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $486.63 million. Bright Horizons Family Solutions had a return on equity of 20.90% and a net margin of 8.77%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. equities analysts forecast that Bright Horizons Family Solutions Inc will post 2.92 earnings per share for the current fiscal year.

In related news, EVP Stephen I. Dreier sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $114.75, for a total transaction of $573,750.00. Following the sale, the executive vice president now directly owns 69,547 shares in the company, valued at approximately $7,980,518.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Roger H. Brown sold 16,958 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $114.66, for a total value of $1,944,404.28. Following the sale, the director now owns 4,442 shares in the company, valued at $509,319.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,662 shares of company stock worth $6,535,154. Company insiders own 2.20% of the company’s stock.

Bright Horizons Family Solutions Profile

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

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

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