Verition Fund Management LLC Invests $797,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Verition Fund Management LLC purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,685 shares of the company's stock, valued at approximately $797,000.

Other large investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new position in shares of Bright Horizons Family Solutions in the third quarter valued at $29,000. V Square Quantitative Management LLC acquired a new position in Bright Horizons Family Solutions in the third quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Bright Horizons Family Solutions by 850.0% during 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 period. Daiwa Securities Group Inc. boosted its holdings in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after purchasing an additional 165 shares in the last quarter. Finally, Quarry LP grew 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 valued at $48,000 after purchasing an additional 177 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays upped their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. The Goldman Sachs Group upped their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. UBS Group increased their price target on 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. JPMorgan Chase & Co. lifted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, Baird R W upgraded Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. 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 assigned a strong buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $141.50.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares in the company, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Trading Down 0.8 %

Shares of NYSE BFAM traded down $0.91 during mid-day trading on Tuesday, hitting $112.19. The company's stock had a trading volume of 513,810 shares, compared to its average volume of 404,967. The company's fifty day simple moving average is $122.89 and its 200-day simple moving average is $122.93. 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 one year low of $87.82 and a one year high of $141.90. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 56.38 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping 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 period in the previous year, the firm earned $0.78 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

About Bright Horizons Family Solutions

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.