45,000 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Acquired by DekaBank Deutsche Girozentrale

Posted by on Apr 21st, 2023

DekaBank Deutsche Girozentrale bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,000 shares of the company’s stock, valued at approximately $2,881,000. DekaBank Deutsche Girozentrale owned approximately 0.08% of Bright Horizons Family Solutions as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BFAM. Kestra Advisory Services LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth approximately $319,000. Versor Investments LP purchased a new stake in Bright Horizons Family Solutions in the fourth quarter valued at $514,000. Natixis Advisors L.P. lifted its stake in shares of Bright Horizons Family Solutions by 21.4% in the 4th quarter. Natixis Advisors L.P. now owns 25,145 shares of the company’s stock valued at $1,587,000 after purchasing an additional 4,434 shares during the last quarter. Baldwin Brothers LLC MA lifted its stake in shares of Bright Horizons Family Solutions by 213.1% in the 4th quarter. Baldwin Brothers LLC MA now owns 2,987 shares of the company’s stock valued at $188,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Bright Horizons Family Solutions by 44.3% during the 4th quarter. Comerica Bank now owns 15,729 shares of the company’s stock worth $1,187,000 after purchasing an additional 4,831 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $75.66 on Friday. Bright Horizons Family Solutions Inc. has a 1 year low of $54.19 and a 1 year high of $135.28. The stock has a market capitalization of $4.37 billion, a PE ratio of 55.23 and a beta of 1.22. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a 50-day simple moving average of $78.18 and a 200-day simple moving average of $71.64.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BFAM shares. Robert W. Baird increased their target price on shares of Bright Horizons Family Solutions from $68.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, February 17th. TheStreet upgraded shares of Bright Horizons Family Solutions from a “d+” rating to a “c-” rating in a report on Monday, January 30th. BMO Capital Markets decreased their price target on Bright Horizons Family Solutions from $84.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 21st. Citigroup lifted their price objective on Bright Horizons Family Solutions from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, March 3rd. Finally, The Goldman Sachs Group decreased their target price on Bright Horizons Family Solutions from $94.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, February 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.57.

About Bright Horizons Family Solutions

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Bright Horizons Family Solutions, Inc engages in the provision of child care and early education, dependent care, and workforce education services. It operates through the following segments: Full-Service Center-Based Child Care, Back-Up Care Services, Educational Advisory and Other Services. The Full-Service Center-Based Child Care segment consists of traditional center-based child care and early education, preschool, and elementary education.

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

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