Brown Brothers Harriman & Co. Boosts Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Brown Brothers Harriman & Co. lifted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 19.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,859 shares of the company's stock after acquiring an additional 35,971 shares during the period. Brown Brothers Harriman & Co. owned 0.38% of Bright Horizons Family Solutions worth $30,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OLD National Bancorp IN boosted its stake in shares of Bright Horizons Family Solutions by 2.7% during the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock worth $443,000 after purchasing an additional 82 shares during the period. EverSource Wealth Advisors LLC grew its position in Bright Horizons Family Solutions by 6.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company's stock valued at $252,000 after acquiring an additional 119 shares during the last quarter. Avior Wealth Management LLC increased its stake in Bright Horizons Family Solutions by 2.9% in the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company's stock worth $655,000 after purchasing an additional 133 shares during the period. Daiwa Securities Group Inc. lifted its position 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 purchasing an additional 145 shares during the last quarter. Finally, MJP Associates Inc. ADV boosted its stake in shares of Bright Horizons Family Solutions by 7.0% during the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company's stock valued at $263,000 after purchasing an additional 157 shares during the period.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company's stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM traded up $1.53 during midday trading on Monday, reaching $114.61. The company had a trading volume of 1,104,845 shares, compared to its average volume of 391,495. Bright Horizons Family Solutions Inc. has a 1 year low of $86.79 and a 1 year high of $141.90. The business's 50-day simple moving average is $128.51 and its 200 day simple moving average is $122.57. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.67 billion, a P/E ratio of 57.58 and a beta of 1.49.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays upped their target price on shares of 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. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an "underweight" rating in a research report on Tuesday, November 5th. Baird R W raised shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday. Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective for the company in a research note on Friday. Finally, BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $137.00 to $125.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.50.

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.