Perpetual Ltd lessened its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 85.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,520 shares of the company’s stock after selling 15,106 shares during the quarter. Perpetual Ltd’s holdings in Bright Horizons Family Solutions were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in Bright Horizons Family Solutions in the third quarter valued at $26,000. TruNorth Capital Management LLC bought a new position in Bright Horizons Family Solutions in the third quarter valued at $28,000. Rothschild Investment LLC increased its stake in Bright Horizons Family Solutions by 6,700.0% in the third quarter. Rothschild Investment LLC now owns 340 shares of the company’s stock valued at $37,000 after acquiring an additional 335 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in Bright Horizons Family Solutions by 9,075.0% in the third quarter. SJS Investment Consulting Inc. now owns 367 shares of the company’s stock valued at $40,000 after acquiring an additional 363 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in 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 acquiring an additional 167 shares during the last quarter.
Bright Horizons Family Solutions Stock Up 0.7%
Shares of NYSE:BFAM opened at $84.38 on Tuesday. The stock’s 50-day moving average price is $79.36 and its 200-day moving average price is $93.40. Bright Horizons Family Solutions Inc. has a 12-month low of $63.68 and a 12-month high of $132.99. The stock has a market capitalization of $4.65 billion, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.31. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.56.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $99.00 price target on shares of Bright Horizons Family Solutions and gave the company a “hold” rating in a research report on Friday, February 13th. Robert W. Baird set a $100.00 price target on shares of Bright Horizons Family Solutions in a research report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research report on Monday, December 29th. Barclays reduced their price target on shares of Bright Horizons Family Solutions from $160.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Finally, The Goldman Sachs Group reduced their price objective on Bright Horizons Family Solutions from $130.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $107.11.
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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