Macquarie Group Ltd. Sells 17,200 Shares of Bright Horizons Family Solutions Inc. (BFAM)

Macquarie Group Ltd. decreased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,425 shares of the company’s stock after selling 17,200 shares during the quarter. Macquarie Group Ltd. owned approximately 0.42% of Bright Horizons Family Solutions worth $21,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BFAM. Acrospire Investment Management LLC lifted its stake in shares of Bright Horizons Family Solutions by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after purchasing an additional 1,000 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth $123,000. Advisor Group Inc. lifted its stake in shares of Bright Horizons Family Solutions by 213.6% during the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after purchasing an additional 1,354 shares during the last quarter. Connable Office Inc. purchased a new stake in Bright Horizons Family Solutions in the second quarter valued at about $208,000. Finally, Keybank National Association OH purchased a new stake in Bright Horizons Family Solutions in the third quarter valued at about $221,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bright Horizons Family Solutions Inc. (BFAM) opened at $87.92 on Friday. The company has a market capitalization of $5,214.97, a PE ratio of 36.94, a P/E/G ratio of 1.77 and a beta of 0.13. Bright Horizons Family Solutions Inc. has a 1-year low of $65.00 and a 1-year high of $93.13. 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 (NYSE:BFAM) last posted its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. Bright Horizons Family Solutions’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. analysts predict that Bright Horizons Family Solutions Inc. will post 2.49 EPS for the current year.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 29,681 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total value of $2,343,314.95. Following the sale, the chief financial officer now directly owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joshua Bekenstein sold 3,504,999 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $305,846,212.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,650,889 shares of company stock worth $318,185,942. 2.90% of the stock is owned by corporate insiders.

BFAM has been the subject of a number of research analyst reports. Zacks Investment Research cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Credit Suisse Group increased their price objective on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Citigroup Inc. increased their price objective on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Robert W. Baird reissued a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $90.67.

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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.

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

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