Principal Financial Group Inc. Boosts Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Principal Financial Group Inc. increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAMFree Report) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,894 shares of the company’s stock after purchasing an additional 295 shares during the period. Principal Financial Group Inc.’s holdings in Bright Horizons Family Solutions were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Bright Horizons Family Solutions by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 3,543,460 shares of the company’s stock valued at $327,593,000 after buying an additional 33,723 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Bright Horizons Family Solutions by 1.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,718,842 shares of the company’s stock worth $251,357,000 after purchasing an additional 51,396 shares in the last quarter. Durable Capital Partners LP increased its stake in shares of Bright Horizons Family Solutions by 49.4% during the second quarter. Durable Capital Partners LP now owns 2,702,273 shares of the company’s stock worth $249,825,000 after purchasing an additional 893,998 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Bright Horizons Family Solutions by 299.4% during the second quarter. William Blair Investment Management LLC now owns 1,721,647 shares of the company’s stock worth $159,166,000 after purchasing an additional 1,290,640 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Bright Horizons Family Solutions by 4.1% during the first quarter. State Street Corp now owns 904,881 shares of the company’s stock worth $120,069,000 after purchasing an additional 35,889 shares in the last quarter.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 600 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $98.88, for a total value of $59,328.00. Following the transaction, the chief operating officer now directly owns 38,753 shares in the company, valued at approximately $3,831,896.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Lightfoot Sara Lawrence sold 925 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $89.25, for a total value of $82,556.25. Following the sale, the director now directly owns 4,597 shares of the company’s stock, valued at approximately $410,282.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mary Lou Burke sold 600 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $98.88, for a total transaction of $59,328.00. Following the sale, the chief operating officer now directly owns 38,753 shares in the company, valued at $3,831,896.64. The disclosure for this sale can be found here. Insiders have sold 7,805 shares of company stock worth $713,605 in the last ninety days. 1.28% of the stock is owned by insiders.

Analyst Ratings Changes

BFAM has been the subject of a number of research reports. BMO Capital Markets cut 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. UBS Group raised shares of Bright Horizons Family Solutions from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $82.00 to $83.00 in a research note on Monday, October 23rd. StockNews.com cut shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. cut 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus price target of $82.71.

Check Out Our Latest Report on Bright Horizons Family Solutions

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $99.44 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 66.74, a PEG ratio of 3.90 and a beta of 1.36. The company’s 50-day moving average is $95.80 and its two-hundred day moving average is $90.14. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $102.34.

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.

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

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