Daiwa Securities Group Inc. Buys 145 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Daiwa Securities Group Inc. lifted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 37.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 535 shares of the company’s stock after purchasing an additional 145 shares during the period. Daiwa Securities Group Inc.’s holdings in Bright Horizons Family Solutions were worth $75,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. bought a new stake in Bright Horizons Family Solutions in the 3rd quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares during the last quarter. Quarry LP increased its holdings in Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Bright Horizons Family Solutions during the 3rd quarter valued at about $75,000.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Friday, November 22nd. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Morgan Stanley boosted their price target on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. Finally, UBS Group upped their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the business’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 value of $109,552.00. Following the completion of the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $115.63 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 58.11 and a beta of 1.49. The firm has a 50 day moving average price of $126.22 and a 200-day moving average price of $122.62. Bright Horizons Family Solutions Inc. has a 52-week low of $86.79 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping 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 business had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same period in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

About Bright Horizons Family Solutions

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.