Svenska Handelsbanken AB publ lifted its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 17.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,700 shares of the company’s stock after purchasing an additional 2,800 shares during the quarter. Bright Horizons Family Solutions comprises approximately 2.7% of Svenska Handelsbanken AB publ’s portfolio, making the stock its 9th largest holding. Svenska Handelsbanken AB publ’s holdings in Bright Horizons Family Solutions were worth $2,377,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Bright Horizons Family Solutions by 312.1% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 272 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares during the period. Ellis Investment Partners LLC bought a new position in shares of Bright Horizons Family Solutions in the first quarter worth $621,000. Quadrant Capital Group LLC bought a new position in shares of Bright Horizons Family Solutions in the first quarter worth $47,000. Enlightenment Research LLC bought a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth $67,000. Finally, NumerixS Investment Technologies Inc increased its holdings in shares of Bright Horizons Family Solutions by 133.7% in the fourth quarter. NumerixS Investment Technologies Inc now owns 701 shares of the company’s stock worth $78,000 after purchasing an additional 401 shares during the period. 97.81% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BFAM traded up $2.57 during midday trading on Thursday, hitting $134.47. The company had a trading volume of 1,049 shares, compared to its average volume of 201,887. Bright Horizons Family Solutions Inc has a 52-week low of $98.08 and a 52-week high of $132.79. The firm has a market capitalization of $7.46 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 3.57 and a beta of 0.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.36.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Tuesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. Bright Horizons Family Solutions had a net margin of 8.38% and a return on equity of 23.38%. The company had revenue of $501.76 million during the quarter, compared to analyst estimates of $497.24 million. During the same period in the previous year, the business earned $0.72 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current fiscal year.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 852 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $119.70, for a total transaction of $101,984.40. Following the completion of the sale, the chief operating officer now directly owns 26,612 shares in the company, valued at $3,185,456.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Mandy Berman sold 5,294 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $119.70, for a total transaction of $633,691.80. Following the sale, the chief accounting officer now owns 22,768 shares of the company’s stock, valued at $2,725,329.60. The disclosure for this sale can be found here. Insiders sold 76,216 shares of company stock valued at $9,469,461 over the last quarter. 1.90% of the stock is owned by company insiders.

Several research firms have recently weighed in on BFAM. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a report on Monday, May 6th. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a report on Wednesday, February 13th. Bank of America reiterated a “neutral” rating and issued a $123.00 target price (up from $115.00) on shares of Bright Horizons Family Solutions in a research report on Wednesday, February 13th. Citigroup upped their target price on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, ValuEngine upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and an average target price of $127.00.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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

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