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

Stephens Investment Management Group LLC raised its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 9.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 612,835 shares of the company's stock after buying an additional 55,115 shares during the period. Bright Horizons Family Solutions makes up about 1.1% of Stephens Investment Management Group LLC's holdings, making the stock its 29th biggest holding. Stephens Investment Management Group LLC owned approximately 1.07% of Bright Horizons Family Solutions worth $77,855,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth about $3,072,000. PNC Financial Services Group Inc. lifted its holdings in Bright Horizons Family Solutions by 20.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,750 shares of the company's stock worth $194,000 after acquiring an additional 300 shares during the last quarter. AlphaQuest LLC lifted its holdings in Bright Horizons Family Solutions by 9.7% in the fourth quarter. AlphaQuest LLC now owns 1,881 shares of the company's stock worth $209,000 after acquiring an additional 166 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Bright Horizons Family Solutions by 7.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,148 shares of the company's stock worth $1,457,000 after acquiring an additional 894 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Bright Horizons Family Solutions by 0.8% in the fourth quarter. Swiss National Bank now owns 102,779 shares of the company's stock worth $11,393,000 after acquiring an additional 800 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $1.18 during trading hours on Friday, hitting $115.40. The stock had a trading volume of 294,961 shares, compared to its average volume of 475,734. The stock's fifty day simple moving average is $123.49 and its 200 day simple moving average is $121.84. Bright Horizons Family Solutions Inc. has a 1-year low of $103.75 and a 1-year high of $141.90. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 41.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 company had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. During the same quarter last year, the business earned $0.51 earnings per share. Bright Horizons Family Solutions's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $128.49, for a total transaction of $321,225.00. Following the transaction, the director directly owned 20,257 shares of the company's stock, valued at $2,602,821.93. The trade was a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total transaction 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. Over the last ninety days, insiders have sold 14,282 shares of company stock valued at $1,848,993. 1.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of 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 cut their target price for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley raised their target price 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 given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $138.67.

Bright Horizons Family Solutions 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.