Impax Asset Management Group plc Purchases New Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Impax Asset Management Group plc purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,388 shares of the company’s stock, valued at approximately $2,857,000.

Several other large investors have also made changes to their positions in the company. OLD National Bancorp IN grew its stake in shares of Bright Horizons Family Solutions by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after buying an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 6.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 119 shares in the last quarter. MJP Associates Inc. ADV grew its stake in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after buying an additional 157 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after buying an additional 165 shares in the last quarter. Finally, Quarry LP lifted its holdings in Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $115.90 on Wednesday. The business has a fifty day simple moving average of $135.84 and a 200 day simple moving average of $122.28. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 66.61 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a one year low of $80.29 and a one year high of $141.90.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BFAM shares. Robert W. Baird boosted their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays boosted their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. The Goldman Sachs Group boosted their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Finally, Morgan Stanley upped their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.13.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the sale, the director now directly owns 30,257 shares in the company, valued at $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the sale, the director now owns 30,257 shares in the company, valued at $3,961,549.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,100 shares of company stock worth $549,397 over the last three months. Company insiders own 1.22% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.