Eagle Asset Management Inc. Buys 12,724 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Eagle Asset Management Inc. lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 9.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 150,858 shares of the company's stock after acquiring an additional 12,724 shares during the period. Eagle Asset Management Inc. owned approximately 0.26% of Bright Horizons Family Solutions worth $21,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its holdings in Bright Horizons Family Solutions by 141.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company's stock valued at $1,676,000 after acquiring an additional 8,666 shares during the period. Bayesian Capital Management LP bought a new stake in Bright Horizons Family Solutions during the 1st quarter valued at $981,000. TimesSquare Capital Management LLC purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at $13,639,000. Dimensional Fund Advisors LP boosted its position in Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company's stock valued at $86,395,000 after buying an additional 51,024 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Bright Horizons Family Solutions by 16.5% in the 3rd quarter. Private Advisor Group LLC now owns 2,491 shares of the company's stock worth $349,000 after acquiring an additional 352 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BFAM shares. 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. UBS Group upped their price target on 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. Morgan Stanley lifted their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 5th. Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 target price for the company in a report on Friday. Finally, BMO Capital Markets raised Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, three have issued 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, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.50.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions 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 sale, the chief operating officer now owns 31,025 shares of the company's stock, valued at $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Stock Up 1.8 %

BFAM traded up $2.03 during midday trading on Friday, reaching $113.08. The company's stock had a trading volume of 767,113 shares, compared to its average volume of 750,017. Bright Horizons Family Solutions Inc. has a 1 year low of $86.79 and a 1 year high of $141.90. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 56.82 and a beta of 1.49. The stock's 50-day moving average is $128.51 and its 200-day moving average is $122.45. 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, topping analysts' consensus estimates of $1.06 by $0.05. The business 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 company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. As a group, research analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

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.