Glenmede Trust Co. NA Has $206,000 Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Glenmede Trust Co. NA continued to hold its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the first quarter, Holdings Channel reports. The institutional investor owned 2,958 shares of the company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Bright Horizons Family Solutions were worth $206,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Parametrica Management Ltd increased its position in shares of Bright Horizons Family Solutions by 0.9% in the first quarter. Parametrica Management Ltd now owns 5,927 shares of the company’s stock worth $430,000 after buying an additional 50 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Bright Horizons Family Solutions by 0.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,708 shares of the company’s stock valued at $1,501,000 after buying an additional 150 shares in the last quarter. 1st Global Advisors Inc. boosted its stake in Bright Horizons Family Solutions by 8.7% in the first quarter. 1st Global Advisors Inc. now owns 7,112 shares of the company’s stock valued at $516,000 after buying an additional 568 shares in the last quarter. Whittier Trust Co. boosted its stake in Bright Horizons Family Solutions by 4.8% in the first quarter. Whittier Trust Co. now owns 15,004 shares of the company’s stock valued at $1,088,000 after buying an additional 684 shares in the last quarter. Finally, UBS Group AG boosted its stake in Bright Horizons Family Solutions by 7.0% in the first quarter. UBS Group AG now owns 11,283 shares of the company’s stock valued at $818,000 after buying an additional 740 shares in the last quarter. Institutional investors own 99.33% of the company’s stock.

Bright Horizons Family Solutions Inc. (NYSE BFAM) opened at 77.33 on Monday. The stock has a market capitalization of $4.63 billion, a PE ratio of 42.30 and a beta of 0.12. The stock has a 50 day moving average price of $77.17 and a 200-day moving average price of $72.65. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $81.23.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $422 million during the quarter, compared to analyst estimates of $422.32 million. Bright Horizons Family Solutions had a return on equity of 18.51% and a net margin of 6.93%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post $2.61 earnings per share for the current fiscal year.

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A number of equities research analysts have commented on the company. Zacks Investment Research cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Credit Suisse Group restated an “outperform” rating and issued a $80.00 target price on shares of Bright Horizons Family Solutions in a report on Monday, April 17th. BMO Capital Markets reiterated a “hold” rating and set a $83.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, May 5th. Finally, BidaskClub lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $79.71.

In related news, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $76.11, for a total value of $507,349.26. Following the completion of the transaction, the director now owns 67,284 shares in the company, valued at $5,120,985.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda A. Mason sold 13,520 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $74.01, for a total value of $1,000,615.20. Following the completion of the transaction, the director now owns 10,496 shares of the company’s stock, valued at approximately $776,808.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,229,693 shares of company stock valued at $334,985,492. 2.90% of the stock is currently owned by company insiders.

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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