Pictet Asset Management Ltd. decreased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 11.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 339,384 shares of the company’s stock after selling 43,645 shares during the period. Pictet Asset Management Ltd.’s holdings in Bright Horizons Family Solutions were worth $26,038,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Bright Horizons Family Solutions by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,478,240 shares of the company’s stock worth $252,138,000 after buying an additional 153,726 shares during the last quarter. BlackRock Inc. increased its stake in Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after buying an additional 2,739,278 shares during the last quarter. Wells Fargo & Company MN increased its stake in Bright Horizons Family Solutions by 11.3% in the first quarter. Wells Fargo & Company MN now owns 1,745,902 shares of the company’s stock worth $126,561,000 after buying an additional 176,751 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Bright Horizons Family Solutions by 3.5% in the first quarter. Handelsbanken Fonder AB now owns 934,200 shares of the company’s stock worth $67,720,000 after buying an additional 32,000 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Bright Horizons Family Solutions by 27.9% in the first quarter. Eagle Asset Management Inc. now owns 893,552 shares of the company’s stock worth $64,773,000 after buying an additional 194,710 shares during the last quarter. Institutional investors own 98.81% of the company’s stock.

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 79.29 on Friday. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $82.00. The company has a market cap of $4.69 billion, a P/E ratio of 42.31 and a beta of 0.12. The company has a 50-day moving average price of $78.21 and a 200-day moving average price of $74.32.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The business had revenue of $445.55 million during the quarter, compared to analyst estimates of $443.90 million. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. Bright Horizons Family Solutions’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. On average, analysts predict that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current year.

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BFAM has been the subject of a number of recent research reports. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Friday, June 2nd. BMO Capital Markets restated a “market perform” rating and set a $85.00 target price (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. BidaskClub downgraded Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Citigroup Inc. restated a “buy” rating and set a $92.00 target price (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $81.75.

In related news, major shareholder Bain Capital Investors Llc sold 4,124,534 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $79.25, for a total transaction of $326,869,319.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mandy Berman sold 3,699 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $75.94, for a total value of $280,902.06. Following the transaction, the chief accounting officer now directly owns 16,125 shares of the company’s stock, valued at $1,224,532.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,193,394 shares of company stock valued at $332,246,231. 2.90% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Company Profile

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.

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

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