Morgan Stanley Buys 134,610 Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM)

Morgan Stanley lifted its stake in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 259.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 186,405 shares of the company’s stock after purchasing an additional 134,610 shares during the quarter. Morgan Stanley owned 0.32% of Bright Horizons Family Solutions worth $19,013,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BFAM. FMR LLC raised its stake in shares of Bright Horizons Family Solutions by 6.3% during the 1st quarter. FMR LLC now owns 313,324 shares of the company’s stock valued at $39,827,000 after purchasing an additional 18,502 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 127.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 7,955 shares of the company’s stock worth $1,011,000 after purchasing an additional 4,455 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 5.9% in the 4th quarter. Victory Capital Management Inc. now owns 254,686 shares of the company’s stock worth $38,277,000 after purchasing an additional 14,125 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth about $4,524,000. Finally, Piedmont Investment Advisors Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 2.2% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,347 shares of the company’s stock worth $653,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 98.36% of the company’s stock.

In other news, Director Julie Atkinson bought 1,350 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $111.64 per share, with a total value of $150,714.00. Following the transaction, the director now owns 3,546 shares of the company’s stock, valued at $395,875.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 3,500 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $110.75, for a total value of $387,625.00. Following the completion of the transaction, the director now directly owns 79,759 shares of the company’s stock, valued at approximately $8,833,309.25. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

NYSE BFAM opened at $115.54 on Wednesday. Bright Horizons Family Solutions Inc has a fifty-two week low of $64.23 and a fifty-two week high of $176.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a 50 day simple moving average of $115.20 and a two-hundred day simple moving average of $133.33. The stock has a market cap of $6.72 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 58.62 and a beta of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.11. Bright Horizons Family Solutions had a return on equity of 21.52% and a net margin of 8.18%. The business had revenue of $506.32 million during the quarter, compared to analysts’ expectations of $496.73 million. During the same quarter last year, the business posted $0.81 EPS. The business’s revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Bright Horizons Family Solutions Inc will post 0.4 earnings per share for the current year.

BFAM has been the subject of a number of research reports. Citigroup upped their price objective on Bright Horizons Family Solutions from $80.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Robert W. Baird increased their target price on Bright Horizons Family Solutions from $95.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Zacks Investment Research cut Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, June 24th. Morgan Stanley increased their target price on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Bank of America dropped their target price on Bright Horizons Family Solutions from $97.00 to $95.00 and set an “underperform” rating for the company in a report on Thursday, May 7th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Bright Horizons Family Solutions has a consensus rating of “Hold” and a consensus target price of $126.29.

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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