Artisan Partners Limited Partnership Sells 7,104 Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM)

Artisan Partners Limited Partnership trimmed its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 557,642 shares of the company’s stock after selling 7,104 shares during the period. Artisan Partners Limited Partnership owned about 0.94% of Bright Horizons Family Solutions worth $48,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westfield Capital Management Co. LP grew its position in Bright Horizons Family Solutions by 3.1% in the 2nd quarter. Westfield Capital Management Co. LP now owns 548,446 shares of the company’s stock worth $42,346,000 after purchasing an additional 16,659 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Bright Horizons Family Solutions by 79.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 37,108 shares of the company’s stock valued at $2,865,000 after acquiring an additional 16,400 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 11.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after acquiring an additional 410,335 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Bright Horizons Family Solutions by 4.1% during the 2nd quarter. California State Teachers Retirement System now owns 90,101 shares of the company’s stock valued at $6,957,000 after purchasing an additional 3,583 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Bright Horizons Family Solutions by 7.8% during the 2nd quarter. Swiss National Bank now owns 79,179 shares of the company’s stock valued at $6,113,000 after purchasing an additional 5,700 shares during the last quarter. Institutional investors own 99.74% of the company’s stock.

Bright Horizons Family Solutions Inc (NYSE BFAM) opened at $91.27 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a market cap of $5,443.35, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 1.84 and a beta of 0.13. Bright Horizons Family Solutions Inc has a fifty-two week low of $65.00 and a fifty-two week high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, topping the Zacks’ 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 company had revenue of $433.30 million for the quarter, compared to analysts’ expectations of $429.36 million. During the same period in the previous year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. sell-side analysts forecast that Bright Horizons Family Solutions Inc will post 2.5 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. Credit Suisse Group boosted their target price on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. BMO Capital Markets reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 25th. BidaskClub cut shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 10th. Finally, Barclays upped their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $90.67.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 10,000 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $82.33, for a total value of $823,300.00. Following the completion of the transaction, the chief financial officer now owns 150,717 shares in the company, valued at $12,408,530.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joshua Bekenstein sold 3,504,999 shares of the stock in a transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,613,792 shares of company stock valued at $315,248,860. 2.90% of the stock is owned by corporate insiders.

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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.

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

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