Raymond James & Associates Raises Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Raymond James & Associates lifted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 8.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508,792 shares of the company’s stock after buying an additional 41,167 shares during the quarter. Raymond James & Associates’ holdings in Bright Horizons Family Solutions were worth $57,677,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Bright Horizons Family Solutions by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,326,816 shares of the company’s stock valued at $501,999,000 after buying an additional 41,506 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Bright Horizons Family Solutions by 3.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,820,797 shares of the company’s stock valued at $229,782,000 after buying an additional 101,955 shares during the period. William Blair Investment Management LLC grew its stake in Bright Horizons Family Solutions by 11.1% in the third quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company’s stock valued at $155,849,000 after purchasing an additional 191,545 shares during the last quarter. Capital World Investors lifted its holdings in shares of Bright Horizons Family Solutions by 10.5% during the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after purchasing an additional 128,632 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Bright Horizons Family Solutions by 1.2% in the third quarter. Mackenzie Financial Corp now owns 744,618 shares of the company’s stock valued at $60,344,000 after buying an additional 9,124 shares in the last quarter.

Insiders Place Their Bets

In other news, CFO Elizabeth J. Boland sold 15,640 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the transaction, the chief financial officer now owns 89,983 shares in the company, valued at $10,237,365.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the transaction, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Elizabeth J. Boland sold 15,640 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

Bright Horizons Family Solutions Price Performance

BFAM traded up $6.96 during midday trading on Friday, hitting $111.23. The company had a trading volume of 651,873 shares, compared to its average volume of 242,604. The company has a market capitalization of $6.45 billion, a PE ratio of 78.33, a P/E/G ratio of 4.01 and a beta of 1.38. The firm’s 50-day simple moving average is $111.11 and its 200-day simple moving average is $98.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions Inc. has a twelve month low of $71.65 and a twelve month high of $119.21.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.62 by $0.12. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.14%. The firm had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current fiscal year.

Analyst Ratings Changes

BFAM has been the subject of a number of analyst reports. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets increased their price target on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a report on Friday. UBS Group dropped their price target on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their target price on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a report on Friday. Finally, The Goldman Sachs Group boosted their target price on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $106.63.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.