Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 42.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,206 shares of the company's stock after purchasing an additional 7,206 shares during the quarter. Royce & Associates LP's holdings in Bright Horizons Family Solutions were worth $3,392,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Millennium Management LLC acquired a new position in Bright Horizons Family Solutions during the second quarter valued at approximately $28,995,000. Point72 Asset Management L.P. lifted its holdings in shares of Bright Horizons Family Solutions by 64.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company's stock valued at $62,792,000 after acquiring an additional 222,823 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Bright Horizons Family Solutions by 174.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company's stock worth $48,260,000 after purchasing an additional 218,707 shares during the period. TimesSquare Capital Management LLC acquired a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $13,639,000. Finally, Massachusetts Financial Services Co. MA raised its position in Bright Horizons Family Solutions by 3.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company's stock valued at $303,556,000 after purchasing an additional 87,256 shares during the period.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares of the company's stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.22% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BFAM. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $137.00 to $125.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, August 2nd. UBS Group upped their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Finally, Barclays boosted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Hold" and a consensus price target of $141.50.

Bright Horizons Family Solutions Stock Up 1.0 %

Bright Horizons Family Solutions stock traded up $1.06 during midday trading on Tuesday, hitting $109.06. The stock had a trading volume of 637,825 shares, compared to its average volume of 385,220. The business has a fifty day moving average price of $130.24 and a 200 day moving average price of $122.64. Bright Horizons Family Solutions Inc. has a 12 month low of $86.79 and a 12 month high of $141.90. The stock has a market cap of $6.35 billion, a P/E ratio of 54.80 and a beta of 1.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

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.