JPMorgan Chase & Co. Has $161.35 Million Holdings in Bright Horizons Family Solutions Inc (BFAM)

JPMorgan Chase & Co. cut its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,269,345 shares of the company’s stock after selling 42,236 shares during the period. JPMorgan Chase & Co.’s holdings in Bright Horizons Family Solutions were worth $161,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC increased its stake in Bright Horizons Family Solutions by 1.2% in the 3rd quarter. Teachers Advisors LLC now owns 237,714 shares of the company’s stock valued at $28,012,000 after buying an additional 2,741 shares during the period. Morgan Stanley grew its holdings in Bright Horizons Family Solutions by 30.5% during the third quarter. Morgan Stanley now owns 91,944 shares of the company’s stock worth $10,835,000 after acquiring an additional 21,512 shares during the period. Vanguard Group Inc grew its holdings in Bright Horizons Family Solutions by 2.6% during the third quarter. Vanguard Group Inc now owns 5,004,064 shares of the company’s stock worth $589,678,000 after acquiring an additional 126,335 shares during the period. MACRO Consulting Group acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth about $204,000. Finally, Harbour Capital Advisors LLC grew its holdings in Bright Horizons Family Solutions by 7.9% during the fourth quarter. Harbour Capital Advisors LLC now owns 2,860 shares of the company’s stock worth $319,000 after acquiring an additional 210 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Stephen I. Dreier sold 4,496 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $127.75, for a total transaction of $574,364.00. Following the completion of the sale, the executive vice president now directly owns 69,784 shares in the company, valued at approximately $8,914,906. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elizabeth J. Boland sold 3,500 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $123.12, for a total value of $430,920.00. Following the sale, the chief financial officer now owns 133,841 shares of the company’s stock, valued at $16,478,503.92. The disclosure for this sale can be found here. Insiders sold a total of 59,164 shares of company stock worth $7,441,807 in the last three months. 1.90% of the stock is currently owned by company insiders.

Shares of BFAM opened at $133.88 on Thursday. The stock has a market capitalization of $7.75 billion, a P/E ratio of 44.18, a P/E/G ratio of 3.71 and a beta of 0.33. Bright Horizons Family Solutions Inc has a 1-year low of $99.18 and a 1-year high of $135.18. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.36.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. The firm had revenue of $501.76 million for the quarter, compared to analysts’ expectations of $497.24 million. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. Bright Horizons Family Solutions’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. As a group, equities analysts forecast that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current year.

A number of research firms recently issued reports on BFAM. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a report on Monday, May 6th. Citigroup lifted their target price on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. BMO Capital Markets lifted their target price on Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a report on Wednesday, February 13th. Bank of America reaffirmed a “neutral” rating and set a $123.00 target price (up from $115.00) on shares of Bright Horizons Family Solutions in a report on Wednesday, February 13th. Finally, ValuEngine raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $127.00.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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

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