Cerity Partners LLC Has $4.08 Million Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Cerity Partners LLC raised its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 63.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,078 shares of the company's stock after purchasing an additional 11,236 shares during the period. Cerity Partners LLC owned 0.05% of Bright Horizons Family Solutions worth $4,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BFAM. Raleigh Capital Management Inc. acquired a new position in Bright Horizons Family Solutions in the third quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at $35,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock valued at $38,000 after purchasing an additional 306 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock worth $43,000 after purchasing an additional 165 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company's stock worth $48,000 after purchasing an additional 177 shares during the last quarter.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Stock Up 0.3 %

Shares of BFAM traded up $0.38 during mid-day trading on Friday, hitting $115.63. 376,909 shares of the company's stock were exchanged, compared to its average volume of 393,012. 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 $86.79 and a 52 week high of $141.90. The company has a market cap of $6.73 billion, a PE ratio of 58.11 and a beta of 1.49. The company has a 50-day simple moving average of $126.22 and a 200 day simple moving average of $122.52.

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

Analysts Set New Price Targets

BFAM has been the topic of several analyst reports. Baird R W raised Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. UBS Group increased their price target 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a "hold" rating in a report on Friday, August 2nd. Morgan Stanley increased their target price on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an "underweight" rating in a report on Tuesday, November 5th. Finally, Robert W. Baird upgraded shares of 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 report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $141.50.

Bright Horizons Family Solutions 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.