Principal Financial Group Inc. cut its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 18.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,340 shares of the company’s stock after selling 1,865 shares during the period. Principal Financial Group Inc.’s holdings in Bright Horizons Family Solutions were worth $719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC raised its holdings in Bright Horizons Family Solutions by 250.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after acquiring an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth $123,000. Advisor Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 213.6% during the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after buying an additional 1,354 shares in the last quarter. Keybank National Association OH acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth $221,000. Finally, Comerica Bank acquired a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth $230,000. 99.74% of the stock is owned by hedge funds and other institutional investors.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 10,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $12,408,530.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David H. Lissy sold 79,112 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total value of $6,903,313.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,613,792 shares of company stock valued at $315,248,860. Insiders own 2.90% of the company’s stock.

BFAM has been the subject of a number of research analyst reports. Zacks Investment Research cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub raised Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Citigroup boosted their price target on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Robert W. Baird reissued a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. Finally, Barclays boosted their price target on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bright Horizons Family Solutions has an average rating of “Hold” and an average price target of $90.67.

Bright Horizons Family Solutions Inc (NYSE BFAM) opened at $90.85 on Thursday. Bright Horizons Family Solutions Inc has a fifty-two week low of $65.00 and a fifty-two week high of $93.13. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $5,413.69, a PE ratio of 38.35, a price-to-earnings-growth ratio of 1.83 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $433.30 million during the quarter, compared to analysts’ expectations of $429.36 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities analysts forecast that Bright Horizons Family Solutions Inc will post 2.5 earnings per share for the current year.

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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.

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

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