Thrive Wealth Management LLC Purchases New Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Thrive Wealth Management LLC bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,044 shares of the company's stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BFAM. Y Intercept Hong Kong Ltd lifted its position in shares of Bright Horizons Family Solutions by 62.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock valued at $787,000 after buying an additional 2,739 shares during the last quarter. Barclays PLC lifted its position in shares of Bright Horizons Family Solutions by 57.5% during the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock valued at $3,355,000 after buying an additional 11,057 shares during the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at about $679,000. New York State Common Retirement Fund lifted its position in shares of Bright Horizons Family Solutions by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock valued at $12,768,000 after buying an additional 35,959 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at about $5,212,000.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock traded up $0.89 during midday trading on Friday, hitting $126.83. The company had a trading volume of 499,186 shares, compared to its average volume of 457,279. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 52.84 and a beta of 1.33. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $122.11 and a 200 day simple moving average of $120.17. 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 announced 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 firm had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. During the same period last year, the firm posted $0.51 EPS. Bright Horizons Family Solutions's revenue was up 6.9% on a year-over-year basis. As a group, analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Elizabeth J. Boland sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total value of $462,560.00. Following the transaction, the chief financial officer now owns 80,162 shares in the company, valued at approximately $10,594,209.92. This represents a 4.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. This trade represents a 9.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,782 shares of company stock worth $2,162,973. 1.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on BFAM shares. BMO Capital Markets increased their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Wall Street Zen raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Morgan Stanley increased 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 research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.33.

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.