2,324 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,324 shares of the company's stock, valued at approximately $295,000.

A number of other institutional investors have also recently added to or reduced their stakes in BFAM. Atala Financial Inc purchased a new position in Bright Horizons Family Solutions during the fourth quarter worth approximately $32,000. Parallel Advisors LLC grew its holdings in Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC grew its holdings in Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. GAMMA Investing LLC grew its holdings in Bright Horizons Family Solutions by 72.7% during the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company's stock worth $60,000 after acquiring an additional 200 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in Bright Horizons Family Solutions by 194.8% during the 4th quarter. Federated Hermes Inc. now owns 914 shares of the company's stock worth $101,000 after acquiring an additional 604 shares in the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total value of $817,288.20. Following the sale, the director directly owned 69,312 shares of the company's stock, valued at approximately $9,017,491.20. The trade was a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total value of $122,560.00. Following the completion of the sale, the chief operating officer owned 29,449 shares of the company's stock, valued at approximately $3,609,269.44. The trade was a 3.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,282 shares of company stock valued at $1,848,993 in the last three months. Company insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Stock Down 1.3%

Bright Horizons Family Solutions stock traded down $1.50 during trading on Tuesday, hitting $113.82. 202,189 shares of the company were exchanged, compared to its average volume of 474,581. The business's 50 day moving average is $123.49 and its 200 day moving average is $121.92. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.90. The company has a market capitalization of $6.52 billion, a P/E ratio of 41.09 and a beta of 1.30. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The firm had revenue of $665.53 million during the quarter, compared to the consensus estimate of $664.34 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on BFAM shares. Morgan Stanley lifted their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price target for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $138.67.

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.