Bright Horizons Family Solutions Inc. $BFAM Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 22.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,136 shares of the company’s stock after selling 59,098 shares during the quarter. Bessemer Group Inc. owned about 0.37% of Bright Horizons Family Solutions worth $22,813,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Optimize Financial Inc purchased a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $556,000. AGF Management Ltd. lifted its position in Bright Horizons Family Solutions by 19.6% during the third quarter. AGF Management Ltd. now owns 27,470 shares of the company’s stock valued at $2,982,000 after purchasing an additional 4,500 shares during the period. State of Wyoming lifted its position in Bright Horizons Family Solutions by 88.6% during the third quarter. State of Wyoming now owns 1,122 shares of the company’s stock valued at $122,000 after purchasing an additional 527 shares during the period. Principal Financial Group Inc. boosted its holdings in Bright Horizons Family Solutions by 183.2% in the third quarter. Principal Financial Group Inc. now owns 6,926 shares of the company’s stock valued at $752,000 after purchasing an additional 4,480 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Bright Horizons Family Solutions by 46.3% during the 3rd quarter. AlphaQuest LLC now owns 8,445 shares of the company’s stock worth $917,000 after purchasing an additional 2,674 shares during the period.

Bright Horizons Family Solutions Trading Down 3.1%

Shares of NYSE:BFAM opened at $85.96 on Friday. The business’s 50 day moving average price is $98.42 and its 200-day moving average price is $105.09. Bright Horizons Family Solutions Inc. has a 1 year low of $85.78 and a 1 year high of $132.99. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.54 and a quick ratio of 0.54.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research note on Monday, December 29th. Robert W. Baird set a $136.00 price objective on Bright Horizons Family Solutions in a research report on Friday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. The Goldman Sachs Group decreased their target price on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, UBS Group lowered their price target on shares of Bright Horizons Family Solutions from $120.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Hold” and a consensus target price of $126.43.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.