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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in BFAM. Vanguard Group Inc. lifted its holdings in Bright Horizons Family Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock valued at $603,332,000 after purchasing an additional 101,151 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Bright Horizons Family Solutions by 60.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock valued at $549,654,000 after purchasing an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Bright Horizons Family Solutions by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock worth $393,141,000 after buying an additional 511,905 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 29.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock worth $262,752,000 after buying an additional 532,644 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of Bright Horizons Family Solutions by 4.7% in the fourth quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock worth $172,846,000 after buying an additional 69,940 shares in the last quarter.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock traded down $1.18 during trading on Friday, hitting $115.40. The company had a trading volume of 294,961 shares, compared to its average volume of 475,734. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.66. The stock's 50-day moving average is $123.49 and its two-hundred day moving average is $121.92. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 41.66 and a beta of 1.30. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.90.

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

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total transaction of $817,288.20. Following the transaction, the director directly owned 69,312 shares in the company, valued at $9,017,491.20. This trade represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth J. Boland sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total transaction of $462,560.00. Following the transaction, the chief financial officer owned 80,162 shares in the company, valued at $10,594,209.92. The trade was a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,282 shares of company stock valued at $1,848,993 over the last ninety days. Insiders own 1.21% of the company's stock.

Analyst Upgrades and Downgrades

BFAM has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price target for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley increased their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and an average price target of $138.67.

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.