Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAMFree Report) by 27.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,564 shares of the company’s stock after selling 1,378 shares during the period. M&T Bank Corp’s holdings in Bright Horizons Family Solutions were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of BFAM. Eagle Bay Advisors LLC acquired a new stake in Bright Horizons Family Solutions during the 2nd quarter worth $26,000. Benjamin Edwards Inc. raised its holdings in shares of Bright Horizons Family Solutions by 141.6% in the second quarter. Benjamin Edwards Inc. now owns 302 shares of the company’s stock valued at $28,000 after buying an additional 177 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Bright Horizons Family Solutions by 60.7% during the second quarter. Signaturefd LLC now owns 323 shares of the company’s stock worth $30,000 after buying an additional 122 shares during the period. Pinebridge Investments L.P. acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $32,000. Finally, Spire Wealth Management boosted its stake in shares of Bright Horizons Family Solutions by 563.1% during the second quarter. Spire Wealth Management now owns 431 shares of the company’s stock worth $40,000 after buying an additional 366 shares during the period.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $98.68 on Wednesday. Bright Horizons Family Solutions Inc. has a one year low of $71.65 and a one year high of $102.34. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.50 and a current ratio of 0.50. The business has a fifty day moving average of $93.94 and a two-hundred day moving average of $89.83. The company has a market cap of $5.71 billion, a P/E ratio of 66.23, a price-to-earnings-growth ratio of 3.84 and a beta of 1.33.

Bright Horizons Family Solutions (NYSE:BFAMGet Free Report) last released its earnings results on Wednesday, November 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.08. Bright Horizons Family Solutions had a return on equity of 12.23% and a net margin of 3.72%. The company had revenue of $645.79 million during the quarter, compared to the consensus estimate of $613.13 million. As a group, analysts predict that Bright Horizons Family Solutions Inc. will post 2.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 600 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $93.81, for a total transaction of $56,286.00. Following the completion of the transaction, the chief operating officer now directly owns 39,353 shares of the company’s stock, valued at $3,691,704.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Mary Lou Burke sold 600 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $93.81, for a total transaction of $56,286.00. Following the completion of the transaction, the chief operating officer now directly owns 39,353 shares of the company’s stock, valued at $3,691,704.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Monday, December 11th. The stock was sold at an average price of $91.04, for a total value of $455,200.00. Following the transaction, the director now directly owns 41,855 shares of the company’s stock, valued at $3,810,479.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,805 shares of company stock valued at $700,921. 1.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. UBS Group upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “neutral” rating and increased their target price for the stock from $82.00 to $83.00 in a research note on Monday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of Bright Horizons Family Solutions from $104.00 to $93.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Finally, BMO Capital Markets reduced their target price on shares of Bright Horizons Family Solutions from $92.00 to $80.00 and set a “market perform” rating for the company in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $82.71.

View Our Latest Research Report on Bright Horizons Family Solutions

Bright Horizons Family Solutions Company Profile

(Free Report)

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

Further Reading

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

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