Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 60.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,128 shares of the company's stock after acquiring an additional 14,729 shares during the period. Cerity Partners LLC owned about 0.07% of Bright Horizons Family Solutions worth $4,971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 worth $41,000 after acquiring an additional 143 shares in the last quarter. Global Financial Private Client LLC grew its stake in Bright Horizons Family Solutions by 244.2% in the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after purchasing an additional 232 shares in the last quarter. HM Payson & Co. acquired a new position in Bright Horizons Family Solutions in the first quarter worth about $50,000. GAMMA Investing LLC increased its holdings in Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after buying an additional 200 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Bright Horizons Family Solutions by 194.8% during the fourth quarter. Federated Hermes Inc. now owns 914 shares of the company's stock valued at $101,000 after buying an additional 604 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM traded down $0.24 during midday trading on Friday, hitting $114.81. 357,524 shares of the stock traded hands, compared to its average volume of 475,149. The business's 50 day moving average price is $122.79 and its two-hundred day moving average price is $121.88. The firm has a market capitalization of $6.57 billion, a PE ratio of 41.45 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 Inc. has a 1-year low of $103.75 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its 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 analyst estimates of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. Bright Horizons Family Solutions's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BFAM shares. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their target price for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. One equities research 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.67.

Insiders Place Their Bets

In related news, Director David H. Lissy sold 6,282 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total value of $817,288.20. Following the completion of the transaction, the director owned 69,312 shares in the company, valued at $9,017,491.20. This represents a 8.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Elizabeth J. Boland sold 3,500 shares of the firm'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 transaction, the chief financial officer directly owned 80,162 shares in the company, valued at approximately $10,594,209.92. The trade was a 4.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,282 shares of company stock worth $1,848,993. Insiders own 1.21% of the company's stock.

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.