52,725 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,725 shares of the company's stock, valued at approximately $7,388,000. Janney Montgomery Scott LLC owned approximately 0.09% of Bright Horizons Family Solutions as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research firms have commented on BFAM. Deutsche Bank Aktiengesellschaft upped 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. JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a report on Tuesday. Robert W. Baird boosted their price objective on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday. Barclays increased their target price 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. Finally, UBS Group boosted their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a "neutral" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $141.13.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the transaction, the chief operating officer now directly owns 31,825 shares in the company, valued at $4,476,186.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded down $0.38 during trading hours on Friday, reaching $116.14. 1,003,645 shares of the company were exchanged, compared to its average volume of 549,401. The business has a 50 day moving average of $134.48 and a 200 day moving average of $122.37. Bright Horizons Family Solutions Inc. has a 1-year low of $80.29 and a 1-year high of $141.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $6.74 billion, a P/E ratio of 58.36 and a beta of 1.49.

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 (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.65% and a net margin of 4.44%. Bright Horizons Family Solutions's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. Research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS 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.