Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 7.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 316,570 shares of the company's stock after purchasing an additional 21,735 shares during the quarter. Conestoga Capital Advisors LLC owned about 0.55% of Bright Horizons Family Solutions worth $40,217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Atala Financial Inc purchased a new stake in Bright Horizons Family Solutions in the 4th quarter valued at about $32,000. Parallel Advisors LLC grew its position in Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares during the period. Global Financial Private Client LLC increased its stake in Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after acquiring an additional 232 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of Bright Horizons Family Solutions by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after purchasing an additional 181 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 200 shares during the period.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $125.36, for a total value of $125,360.00. Following the completion of the sale, the chief operating officer now directly owns 31,449 shares of the company's stock, valued at approximately $3,942,446.64. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $128.49, for a total transaction of $321,225.00. Following the completion of the transaction, the director now owns 20,257 shares of the company's stock, valued at $2,602,821.93. This trade represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,282 shares of company stock worth $1,726,433. Insiders own 1.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BFAM. Morgan Stanley raised 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. Wall Street Zen upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $138.33.

Bright Horizons Family Solutions Stock Down 0.1%

Shares of Bright Horizons Family Solutions stock traded down $0.15 on Friday, hitting $122.08. 476,281 shares of the company's stock traded hands, compared to its average volume of 451,398. The stock has a market cap of $6.99 billion, a P/E ratio of 44.07 and a beta of 1.33. The firm's 50-day moving average is $123.35 and its 200 day moving average is $120.78. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 52-week low of $100.60 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, 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 firm had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

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.