Sciencast Management LP Buys Shares of 5,600 Bright Horizons Family Solutions Inc. (BFAM)

Sciencast Management LP bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the second quarter, according to its most recent filing with the SEC. The firm bought 5,600 shares of the company’s stock, valued at approximately $432,000.

A number of other large investors have also recently bought and sold shares of BFAM. Bank of New York Mellon Corp grew its stake in Bright Horizons Family Solutions by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 365,902 shares of the company’s stock valued at $26,524,000 after buying an additional 7,554 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Bright Horizons Family Solutions by 83.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock valued at $190,000 after buying an additional 1,193 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in Bright Horizons Family Solutions by 33.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 20,567 shares of the company’s stock valued at $1,491,000 after buying an additional 5,110 shares during the last quarter. Karp Capital Management Corp acquired a new position in Bright Horizons Family Solutions in the 1st quarter valued at $332,000. Finally, Ameriprise Financial Inc. grew its stake in Bright Horizons Family Solutions by 9.3% in the 1st quarter. Ameriprise Financial Inc. now owns 40,076 shares of the company’s stock valued at $2,905,000 after buying an additional 3,422 shares during the last quarter. Institutional investors and hedge funds own 97.08% of the company’s stock.

In related news, Director Mary Ann Tocio sold 6,666 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $76.11, for a total value of $507,349.26. Following the transaction, the director now directly owns 67,284 shares in the company, valued at $5,120,985.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total transaction of $79,980.00. Following the completion of the transaction, the chief operating officer now owns 32,266 shares in the company, valued at $2,580,634.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,429 shares of company stock worth $5,427,819. Corporate insiders own 2.90% of the company’s stock.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) traded up 0.61% on Friday, reaching $85.84. 98,491 shares of the company were exchanged. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $88.13. The stock has a 50 day moving average of $81.68 and a 200 day moving average of $77.68. The firm has a market capitalization of $5.08 billion, a PE ratio of 45.81 and a beta of 0.14.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The firm had revenue of $445.55 million for the quarter, compared to the consensus estimate of $443.90 million. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current year.

BFAM has been the topic of a number of research analyst reports. Barclays PLC raised their target price on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday, September 1st. BidaskClub lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $85.00 target price (up from $83.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $85.83.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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