15,000 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the company's stock, valued at approximately $2,102,000.

Other hedge funds also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at $29,000. V Square Quantitative Management LLC bought a new position in Bright Horizons Family Solutions in the third quarter valued at about $35,000. Whittier Trust Co. of Nevada Inc. boosted its position in Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after purchasing an additional 306 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after purchasing an additional 165 shares during the period. Finally, Quarry LP lifted its stake 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 period.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the business'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 value of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares of the company's stock, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock traded up $0.38 on Friday, reaching $115.63. 376,909 shares of the company were exchanged, compared to its average volume of 393,012. Bright Horizons Family Solutions Inc. has a 1 year low of $86.79 and a 1 year high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The business has a 50-day moving average price of $126.22 and a 200 day moving average price of $122.52. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 58.11 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $719.00 million during the quarter, compared to analysts' expectations of $713.16 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BFAM shares. BMO Capital Markets upgraded 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, November 18th. 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, November 22nd. Barclays increased their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. The Goldman Sachs Group raised their price objective on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Robert W. Baird raised Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $141.50.

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.