Stephens Investment Management Group LLC Has $75.01 Million Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Stephens Investment Management Group LLC lessened its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 535,268 shares of the company's stock after selling 11,647 shares during the period. Stephens Investment Management Group LLC owned 0.92% of Bright Horizons Family Solutions worth $75,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in Bright Horizons Family Solutions during the 3rd quarter worth $29,000. V Square Quantitative Management LLC bought a new position in Bright Horizons Family Solutions during the 3rd quarter worth $35,000. Whittier Trust Co. of Nevada Inc. increased its position in 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 buying an additional 306 shares during the period. Daiwa Securities Group Inc. increased its position in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock worth $43,000 after buying an additional 165 shares during the period. Finally, Quarry LP increased its position in Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company's stock worth $48,000 after buying an additional 177 shares during the period.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock traded up $0.07 during midday trading on Friday, reaching $133.54. The company's stock had a trading volume of 657,111 shares, compared to its average volume of 353,057. Bright Horizons Family Solutions Inc. has a 52 week low of $77.35 and a 52 week high of $141.90. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $136.44 and a 200-day moving average price of $121.56. The stock has a market cap of $7.75 billion, a PE ratio of 77.10 and a beta of 1.48.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price 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. 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 report on Friday, August 30th. Deutsche Bank Aktiengesellschaft increased their target price 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 increased their target price 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 given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $134.63.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $128.67, for a total transaction of $102,936.00. Following the sale, the chief operating officer now directly owns 32,625 shares in the company, valued at approximately $4,197,858.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $128.67, for a total transaction of $102,936.00. Following the sale, the chief operating officer now directly owns 32,625 shares in the company, valued at approximately $4,197,858.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions 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 transaction, the director now directly owns 30,257 shares in the company, valued at approximately $3,961,549.01. This represents 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 have sold 9,135 shares of company stock worth $1,202,290. Insiders own 1.22% of the company's stock.

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.