15,158 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Bought by PDT Partners LLC

PDT Partners LLC bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,158 shares of the company’s stock, valued at approximately $2,124,000.

Several other large investors also recently bought and sold shares of BFAM. OLD National Bancorp IN boosted its position in shares of Bright Horizons Family Solutions by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock worth $443,000 after buying an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Bright Horizons Family Solutions by 6.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 119 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Bright Horizons Family Solutions by 2.9% in the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock valued at $655,000 after purchasing an additional 133 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after purchasing an additional 145 shares in the last quarter. Finally, MJP Associates Inc. ADV raised its position in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock worth $263,000 after purchasing an additional 157 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BFAM shares. The Goldman Sachs Group raised their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. UBS Group boosted their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Barclays raised their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.50.

Insider Activity

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $115.63 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 58.11 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a one year low of $86.79 and a one year high of $141.90. The company has a 50 day moving average price of $126.22 and a 200 day moving average price of $122.57.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same period last year, the company posted $0.78 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.