Morgan Stanley Has $5.03 Million Position in Bright Horizons Family Solutions Inc. (BFAM)

Morgan Stanley decreased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 63.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,411 shares of the company’s stock after selling 122,930 shares during the period. Morgan Stanley owned approximately 0.12% of Bright Horizons Family Solutions worth $5,033,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BFAM. 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in Bright Horizons Family Solutions by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 461,477 shares of the company’s stock valued at $33,452,000 after buying an additional 14,078 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Bright Horizons Family Solutions by 9.1% in the first quarter. Geode Capital Management LLC now owns 344,380 shares of the company’s stock valued at $24,964,000 after buying an additional 28,630 shares during the period. Vanguard Group Inc. increased its position in shares of Bright Horizons Family Solutions by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,478,240 shares of the company’s stock valued at $252,138,000 after buying an additional 153,726 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of Bright Horizons Family Solutions during the first quarter valued at about $32,736,000.

Bright Horizons Family Solutions Inc. (NYSE BFAM) traded down 0.39% during mid-day trading on Friday, reaching $79.50. The company had a trading volume of 156,699 shares. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $82.00. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 42.42 and a beta of 0.12. The firm has a 50-day moving average price of $78.58 and a 200 day moving average price of $74.73.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $445.55 million for the quarter, compared to analysts’ expectations of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. Analysts expect that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current year.

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Several brokerages have recently issued reports on BFAM. 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 Monday, May 15th. Credit Suisse Group downgraded shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $80.00 to $83.00 in a report on Friday, May 12th. They noted that the move was a valuation call. Citigroup Inc. began coverage on shares of Bright Horizons Family Solutions in a report on Tuesday, July 18th. They set a “buy” rating and a $90.00 price target for the company. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, August 4th. Finally, BidaskClub downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $83.67.

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total value of $79,980.00. Following the transaction, the chief operating officer now owns 32,266 shares in the company, valued at approximately $2,580,634.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mandy Berman sold 3,699 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $75.94, for a total transaction of $280,902.06. Following the completion of the transaction, the chief accounting officer now owns 16,125 shares in the company, valued at approximately $1,224,532.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,697 shares of company stock worth $3,230,288. 2.90% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Company Profile

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.

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

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