Zurcher Kantonalbank Zurich Cantonalbank Sells 16,137 Shares of Bright Horizons Family Solutions Inc. (BFAM)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,217 shares of the company’s stock after selling 16,137 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.44% of Bright Horizons Family Solutions worth $22,606,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BFAM. Principal Financial Group Inc. increased its position in shares of Bright Horizons Family Solutions by 42.0% during the 1st quarter. Principal Financial Group Inc. now owns 8,782 shares of the company’s stock valued at $637,000 after purchasing an additional 2,599 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Bright Horizons Family Solutions by 4.6% during the 1st quarter. Teachers Advisors LLC now owns 81,138 shares of the company’s stock valued at $5,882,000 after purchasing an additional 3,554 shares during the last quarter. Legal & General Group Plc increased its position in shares of Bright Horizons Family Solutions by 5.1% during the 1st quarter. Legal & General Group Plc now owns 15,575 shares of the company’s stock valued at $1,127,000 after purchasing an additional 759 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bright Horizons Family Solutions by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 461,477 shares of the company’s stock valued at $33,452,000 after purchasing an additional 14,078 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of Bright Horizons Family Solutions by 33.0% during the 2nd quarter. Aperio Group LLC now owns 6,094 shares of the company’s stock valued at $471,000 after purchasing an additional 1,512 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

BFAM has been the topic of several recent research reports. Credit Suisse Group raised their price target on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Barclays PLC raised their price target on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, November 7th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $90.67.

In other Bright Horizons Family Solutions news, Director Joshua Bekenstein sold 3,504,999 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total value of $305,846,212.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David H. Lissy sold 79,112 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total value of $6,903,313.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,650,889 shares of company stock valued at $318,185,942. Company insiders own 2.90% of the company’s stock.

Bright Horizons Family Solutions Inc. (BFAM) traded up $0.37 on Wednesday, reaching $88.04. The company had a trading volume of 191,700 shares, compared to its average volume of 279,948. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Bright Horizons Family Solutions Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $93.13. The company has a market cap of $5,200.16, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 1.76 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. During the same period last year, the company earned $0.49 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.49 EPS for the current fiscal year.

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Bright Horizons Family Solutions Company Profile

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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