US Bancorp DE Sells 263 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

US Bancorp DE decreased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.5% during the third quarter, HoldingsChannel.com reports. The firm owned 10,397 shares of the company’s stock after selling 263 shares during the quarter. US Bancorp DE’s holdings in Bright Horizons Family Solutions were worth $1,457,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. lifted its position in Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BFAM shares. Morgan Stanley upped their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday. Robert W. Baird raised their price target on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group boosted their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, BMO Capital Markets lifted their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus target price of $141.13.

Bright Horizons Family Solutions Stock Up 0.1 %

BFAM opened at $116.52 on Friday. The firm’s 50 day simple moving average is $134.97 and its two-hundred day simple moving average is $122.20. The company has a market capitalization of $6.76 billion, a PE ratio of 58.55 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 1-year low of $80.29 and a 1-year high of $141.90. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.65% and a net margin of 4.44%. The company had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. During the same period last year, the firm earned $0.78 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm’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 sale, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.22% of the company’s stock.

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.