Proficio Capital Partners LLC Purchases New Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Proficio Capital Partners LLC acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 27,713 shares of the company's stock, valued at approximately $3,072,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at about $25,000. True Wealth Design LLC acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $49,000. Capital Performance Advisors LLP acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $75,000. Daiwa Securities Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock worth $75,000 after acquiring an additional 145 shares during the last quarter. Finally, Anchor Investment Management LLC grew its holdings in Bright Horizons Family Solutions by 423.2% in the third quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock valued at $92,000 after purchasing an additional 529 shares during the period.

Bright Horizons Family Solutions Trading Up 0.1 %

BFAM stock traded up $0.07 during midday trading on Friday, reaching $127.52. 528,078 shares of the company's stock traded hands, compared to its average volume of 436,506. The company has a market capitalization of $7.31 billion, a P/E ratio of 53.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The business has a 50-day moving average price of $120.79 and a two-hundred day moving average price of $124.30.

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Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on BFAM. Morgan Stanley lowered their target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. Robert W. Baird upgraded shares of 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, November 22nd. Baird R W upgraded shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. The Goldman Sachs Group lowered their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a report on Friday, December 27th. Finally, BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $137.67.

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.