Deutsche Bank AG bought a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 311,486 shares of the company’s stock, valued at approximately $22,078,000. Deutsche Bank AG owned 0.59% of Bright Horizons Family Solutions as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BFAM. Public Employees Retirement System of Ohio boosted its holdings in Bright Horizons Family Solutions by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,128 shares of the company’s stock valued at $1,968,000 after purchasing an additional 110 shares during the period. Xponance LLC increased its holdings in shares of Bright Horizons Family Solutions by 3.9% during the 4th quarter. Xponance LLC now owns 3,686 shares of the company’s stock worth $374,000 after purchasing an additional 137 shares during the period. MML Investors Services LLC increased its holdings in shares of Bright Horizons Family Solutions by 1.7% during the 2nd quarter. MML Investors Services LLC now owns 9,098 shares of the company’s stock worth $1,124,000 after purchasing an additional 150 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Bright Horizons Family Solutions by 98.8% in the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after buying an additional 167 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Bright Horizons Family Solutions by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 26,551 shares of the company’s stock worth $3,281,000 after buying an additional 185 shares in the last quarter.
Bright Horizons Family Solutions Stock Performance
Shares of Bright Horizons Family Solutions stock opened at $72.81 on Friday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14. The stock’s 50-day moving average is $72.73 and its 200-day moving average is $74.44. Bright Horizons Family Solutions Inc. has a one year low of $57.63 and a one year high of $124.25. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.48 and a quick ratio of 0.48.
Insider Activity
In related news, COO Mary Lou Burke sold 1,200 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $75.57, for a total transaction of $90,684.00. Following the sale, the chief operating officer owned 32,145 shares in the company, valued at approximately $2,429,197.65. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.
Analyst Ratings Changes
BFAM has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Bright Horizons Family Solutions from $70.00 to $68.00 and set an “underweight” rating on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. UBS Group boosted their price objective on Bright Horizons Family Solutions from $87.00 to $88.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus target price of $95.88.
Read Our Latest Stock Report on BFAM
Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.
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