32,257 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 32,257 shares of the company's stock, valued at approximately $4,520,000. Thrivent Financial for Lutherans owned approximately 0.06% of Bright Horizons Family Solutions at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BFAM. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 1.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company's stock valued at $337,832,000 after buying an additional 44,893 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Bright Horizons Family Solutions by 3.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company's stock valued at $303,556,000 after purchasing an additional 87,256 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company's stock worth $86,395,000 after purchasing an additional 51,024 shares during the last quarter. Geneva Capital Management LLC lifted its stake in Bright Horizons Family Solutions by 0.5% during the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company's stock worth $80,631,000 after purchasing an additional 2,649 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Bright Horizons Family Solutions by 64.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company's stock worth $62,792,000 after purchasing an additional 222,823 shares in the last quarter.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm'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 owns 31,825 shares of the company's stock, valued at approximately $4,476,186.25. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.22% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Trading Up 1.4 %

NYSE:BFAM traded up $1.53 during trading hours on Monday, hitting $114.61. The company had a trading volume of 1,104,845 shares, compared to its average volume of 391,495. 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 52 week low of $86.79 and a 52 week high of $141.90. The company has a market capitalization of $6.67 billion, a PE ratio of 57.58 and a beta of 1.49. The stock has a 50-day moving average price of $128.51 and a 200 day moving average price of $122.57.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analysts' expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. Bright Horizons Family Solutions's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 earnings per share. On average, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Robert W. Baird raised Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective on the stock in a report on Friday. Barclays lifted their price target on shares of 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. Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an "underweight" rating in a research note on Tuesday, November 5th. UBS Group lifted their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets raised Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from $137.00 to $125.00 in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.