Raymond James Financial Inc. Makes New Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Raymond James Financial Inc. purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 717,892 shares of the company's stock, valued at approximately $79,578,000. Raymond James Financial Inc. owned about 1.23% of Bright Horizons Family Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BFAM. Versant Capital Management Inc acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter valued at about $25,000. True Wealth Design LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $49,000. Capital Performance Advisors LLP acquired a new position in Bright Horizons Family Solutions in the third quarter valued at about $75,000. Daiwa Securities Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock worth $75,000 after buying an additional 145 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 423.2% during the 3rd quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock valued at $92,000 after acquiring an additional 529 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BFAM shares. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Robert W. Baird raised shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target for the company in a research note on Friday, November 22nd. Finally, Jefferies Financial Group reduced their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $137.67.

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Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock traded down $0.72 on Tuesday, reaching $123.53. 141,959 shares of the company traded hands, compared to its average volume of 430,575. The company has a 50 day moving average of $121.07 and a 200 day moving average of $124.06. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $141.90. The firm has a market capitalization of $7.09 billion, a PE ratio of 51.42 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

About Bright Horizons Family Solutions

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.