Focus Partners Wealth Makes New $294,000 Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Focus Partners Wealth purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,648 shares of the company's stock, valued at approximately $294,000.

Several other institutional investors also recently bought and sold shares of BFAM. Atala Financial Inc acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth about $32,000. Tortoise Investment Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after purchasing an additional 181 shares during the last quarter. Federated Hermes Inc. boosted 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 worth $101,000 after buying an additional 604 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Bright Horizons Family Solutions by 926.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock worth $157,000 after acquiring an additional 1,279 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of 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 valued at $194,000 after purchasing an additional 300 shares during the period.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. 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. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley raised their target price 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and an average price target of $138.33.

Bright Horizons Family Solutions Trading Down 0.6%

Bright Horizons Family Solutions stock traded down $0.80 during midday trading on Wednesday, reaching $130.70. 42,291 shares of the stock traded hands, compared to its average volume of 451,638. The firm has a market cap of $7.48 billion, a PE ratio of 54.46 and a beta of 1.32. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $121.85 and a two-hundred day simple moving average of $119.20. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted 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. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The business had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. During the same quarter last year, the firm posted $0.51 earnings per share. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the sale, the director now directly owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. This represents a 9.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. The trade was a 2.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,500 shares of company stock worth $561,900. Corporate insiders own 1.22% 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.