Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 9.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 612,835 shares of the company's stock after purchasing an additional 55,115 shares during the quarter. Bright Horizons Family Solutions comprises about 1.1% of Stephens Investment Management Group LLC's portfolio, making the stock its 29th largest holding. Stephens Investment Management Group LLC owned about 1.07% of Bright Horizons Family Solutions worth $77,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atala Financial Inc purchased a new position in Bright Horizons Family Solutions during the 4th quarter worth approximately $32,000. Parallel Advisors LLC increased its holdings in shares of 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 increased its holdings in shares of 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. HM Payson & Co. acquired a new stake in Bright Horizons Family Solutions in the 1st quarter valued at $50,000. Finally, GAMMA Investing LLC grew its stake in Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after acquiring an additional 200 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BFAM. Jefferies Financial Group cut shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their target price for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley boosted 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 research report on Tuesday, May 6th. 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 given a strong buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and an average target price of $138.67.

Insider Activity

In other news, Director David H. Lissy sold 6,282 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 69,312 shares of the company's stock, valued at approximately $9,017,491.20. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value of $462,560.00. Following the completion of the sale, the chief financial officer directly owned 80,162 shares of the company's stock, 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 a total of 14,282 shares of company stock valued at $1,848,993 over the last three months. 1.21% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Trading Up 1.2%

NYSE:BFAM traded up $1.34 on Wednesday, reaching $115.19. 558,154 shares of the company's stock were exchanged, compared to its average volume of 475,744. 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 firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 41.59 and a beta of 1.30. The business has a fifty day moving average of $122.93 and a 200-day moving average of $121.85. 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 released its earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping 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 firm had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

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.