Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC decreased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,359 shares of the company’s stock after selling 1,612 shares during the period. Conestoga Capital Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $25,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Confluence Wealth Services Inc. acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth $26,000. Ten Capital Wealth Advisors LLC acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth $30,000. CWM LLC grew its stake in shares of Bright Horizons Family Solutions by 58.0% in the first quarter. CWM LLC now owns 248 shares of the company’s stock worth $33,000 after acquiring an additional 91 shares in the last quarter. Okabena Investment Services Inc. acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth $35,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth $69,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BFAM has been the subject of a number of analyst reports. Robert W. Baird lowered their target price on shares of Bright Horizons Family Solutions from $140.00 to $115.00 in a research note on Wednesday, May 4th. BMO Capital Markets lowered their target price on shares of Bright Horizons Family Solutions from $148.00 to $126.00 in a research note on Wednesday, May 4th. Barclays lowered their target price on shares of Bright Horizons Family Solutions from $155.00 to $130.00 in a research note on Wednesday, May 4th. StockNews.com initiated coverage on shares of Bright Horizons Family Solutions in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, March 29th. They set a “hold” rating and a $114.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions has an average rating of “Hold” and an average target price of $137.71.

NYSE BFAM opened at $89.59 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.87. Bright Horizons Family Solutions Inc. has a 1 year low of $71.38 and a 1 year high of $171.91. The company has a market capitalization of $5.32 billion, a PE ratio of 65.39 and a beta of 0.97. The company has a fifty day moving average of $87.73 and a two-hundred day moving average of $114.89.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Bright Horizons Family Solutions had a net margin of 4.53% and a return on equity of 9.48%. The company had revenue of $460.41 million during the quarter, compared to the consensus estimate of $480.14 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, research analysts expect that Bright Horizons Family Solutions Inc. will post 2.79 earnings per share for the current year.

Bright Horizons Family Solutions Company Profile (Get Rating)

Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

Further Reading

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

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