Envestnet Asset Management Inc. Acquires 16,805 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Envestnet Asset Management Inc. grew its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 317,822 shares of the company's stock after purchasing an additional 16,805 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.55% of Bright Horizons Family Solutions worth $40,376,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Atala Financial Inc acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth approximately $32,000. Parallel Advisors LLC lifted its stake in shares of Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after acquiring an additional 143 shares during the period. Global Financial Private Client LLC lifted its stake in shares of 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 acquiring an additional 232 shares during the period. HM Payson & Co. acquired a new position in shares of Bright Horizons Family Solutions in the first quarter worth approximately $50,000. Finally, GAMMA Investing LLC lifted its stake in shares of Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock worth $60,000 after acquiring an additional 200 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BFAM shares. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price objective for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley lifted their price objective on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.67.

Bright Horizons Family Solutions Trading Up 0.0%

BFAM traded up $0.03 during trading on Thursday, hitting $115.20. The company's stock had a trading volume of 309,183 shares, compared to its average volume of 475,620. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90. 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 fifty day moving average price is $122.79 and its 200-day moving average price is $121.88. The firm has a market capitalization of $6.60 billion, a P/E ratio of 41.59 and a beta of 1.30.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. The firm had revenue of $665.53 million during the quarter, compared to the consensus estimate of $664.34 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. Analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, CFO Elizabeth J. Boland sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total value of $122,560.00. Following the sale, the chief operating officer owned 29,449 shares of the company's stock, valued at $3,609,269.44. This trade represents a 3.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, 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 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.