OneDigital Investment Advisors LLC Lowers Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

OneDigital Investment Advisors LLC reduced its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 10.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,716 shares of the company’s stock after selling 207 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Millennium Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth $28,995,000. Point72 Asset Management L.P. grew its position in Bright Horizons Family Solutions by 64.1% during the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after buying an additional 222,823 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Bright Horizons Family Solutions by 174.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock valued at $48,260,000 after buying an additional 218,707 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at approximately $13,639,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Bright Horizons Family Solutions by 3.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock worth $303,556,000 after acquiring an additional 87,256 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group raised their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. UBS Group lifted their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $137.00 to $125.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.50.

Bright Horizons Family Solutions Stock Up 1.8 %

BFAM stock opened at $113.08 on Friday. Bright Horizons Family Solutions Inc. has a one year low of $86.79 and a one year high of $141.90. The stock has a market capitalization of $6.58 billion, a P/E ratio of 56.27 and a beta of 1.49. The company has a 50 day moving average price of $129.07 and a two-hundred day moving average price of $122.46. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same period in the prior year, the firm posted $0.78 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.