Impax Asset Management Group plc Raises Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Impax Asset Management Group plc increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,044 shares of the company's stock after purchasing an additional 3,514 shares during the period. Impax Asset Management Group plc owned 0.05% of Bright Horizons Family Solutions worth $3,690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atala Financial Inc acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at $32,000. Parallel Advisors LLC boosted its stake in Bright Horizons Family Solutions by 79.9% in 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 in the last quarter. Global Financial Private Client LLC boosted 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 valued at $42,000 after acquiring an additional 232 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in 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 acquiring an additional 181 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 acquiring an additional 200 shares in the last quarter.

Insider Activity

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 transaction of $817,288.20. Following the completion of the transaction, the director directly owned 69,312 shares of the company's stock, valued at $9,017,491.20. This represents a 8.31% decrease in their ownership of the stock. The transaction 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 stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total transaction of $122,560.00. Following the transaction, the chief operating officer directly owned 29,449 shares of the company's stock, valued at $3,609,269.44. This represents a 3.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,282 shares of company stock valued at $1,848,993. Company insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM traded up $0.11 during mid-day trading on Tuesday, hitting $117.35. 214,350 shares of the company's stock were exchanged, compared to its average volume of 463,021. Bright Horizons Family Solutions Inc. has a fifty-two week low of $103.75 and a fifty-two week high of $141.90. The firm has a market capitalization of $6.72 billion, a P/E ratio of 42.36 and a beta of 1.30. The business's 50 day moving average is $124.19 and its two-hundred day moving average is $121.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their target price for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $138.67.

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.