Raymond James & Associates Grows Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Raymond James & Associates raised its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 542,757 shares of the company's stock after buying an additional 10,102 shares during the quarter. Raymond James & Associates owned about 0.94% of Bright Horizons Family Solutions worth $76,057,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth $25,000. V Square Quantitative Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth $35,000. Whittier Trust Co. of Nevada Inc. increased its holdings 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 worth $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings 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 in the last quarter. Finally, Quarry LP increased its holdings 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 in the last quarter.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM traded up $0.32 during mid-day trading on Tuesday, hitting $130.52. 590,655 shares of the company traded hands, compared to its average volume of 350,298. The stock's fifty day moving average price is $137.00 and its 200-day moving average price is $120.71. Bright Horizons Family Solutions Inc. has a one year low of $71.65 and a one year high of $141.90. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 91.92 and a beta of 1.48.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The business had revenue of $670.10 million for the quarter, compared to the consensus estimate of $666.17 million. During the same period in the previous year, the business earned $0.54 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 14,500 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the completion of the transaction, the chief operating officer now directly owns 33,425 shares of the company's stock, valued at approximately $4,375,332.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the sale, the director now directly owns 30,257 shares of the company's stock, valued at $3,961,549.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 14,500 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $130.90, for a total value of $1,898,050.00. Following the completion of the sale, the chief operating officer now directly owns 33,425 shares of the company's stock, valued at $4,375,332.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,635 shares of company stock valued at $3,100,340. Insiders own 1.22% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an "underweight" rating in a report on Wednesday, September 11th. Robert W. Baird lifted their price objective on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a report on Friday, August 2nd. Finally, BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a "market perform" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $134.63.

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.