Pacer Advisors Inc. Has $700,000 Holdings in Bright Horizons Family Solutions Inc. (BFAM)

Pacer Advisors Inc. raised its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 21.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,116 shares of the company’s stock after purchasing an additional 1,453 shares during the quarter. Pacer Advisors Inc.’s holdings in Bright Horizons Family Solutions were worth $700,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Acrospire Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 250.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after buying an additional 1,000 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in Bright Horizons Family Solutions in the second quarter worth $123,000. Advisor Group Inc. increased its position in Bright Horizons Family Solutions by 213.6% in the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after purchasing an additional 1,354 shares during the last quarter. Connable Office Inc. bought a new stake in Bright Horizons Family Solutions in the second quarter worth $208,000. Finally, Keybank National Association OH bought a new stake in Bright Horizons Family Solutions in the third quarter worth $221,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Elizabeth J. Boland sold 29,681 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total value of $2,343,314.95. Following the completion of the sale, the chief financial officer now directly owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 750 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $79.85, for a total transaction of $59,887.50. Following the completion of the sale, the chief operating officer now directly owns 32,016 shares of the company’s stock, valued at $2,556,477.60. The disclosure for this sale can be found here. Insiders have sold 3,650,889 shares of company stock valued at $318,185,942 over the last three months. Insiders own 2.90% of the company’s stock.

Several equities research analysts recently weighed in on BFAM shares. BMO Capital Markets restated a “market perform” rating and issued a $85.00 price target (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Citigroup reaffirmed a “buy” rating and set a $92.00 price objective (up from $90.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Finally, BidaskClub raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Bright Horizons Family Solutions currently has a consensus rating of “Buy” and a consensus target price of $90.67.

Shares of Bright Horizons Family Solutions Inc. (BFAM) opened at $88.07 on Wednesday. The stock has a market cap of $5,214.99, a price-to-earnings ratio of 36.94, a PEG ratio of 1.77 and a beta of 0.13. Bright Horizons Family Solutions Inc. has a one year low of $65.00 and a one year high of $93.13. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The firm had revenue of $433.30 million during the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 2.49 EPS for the current fiscal year.

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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.

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

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