Thrive Wealth Management LLC Acquires Shares of 2,044 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Thrive Wealth Management LLC bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,044 shares of the company's stock, valued at approximately $260,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BFAM. Merit Financial Group LLC boosted its stake in Bright Horizons Family Solutions by 182.3% during the 1st quarter. Merit Financial Group LLC now owns 5,488 shares of the company's stock worth $697,000 after purchasing an additional 3,544 shares during the period. Global Financial Private Client LLC raised its stake in Bright Horizons Family Solutions by 244.2% in the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. Parallel Advisors LLC increased 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 purchasing an additional 143 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Bright Horizons Family Solutions by 21,843.3% in the 1st quarter. GAMMA Investing LLC now owns 60,344 shares of the company's stock valued at $7,666,000 after purchasing an additional 60,069 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Bright Horizons Family Solutions by 502.6% during the 1st quarter. Versant Capital Management Inc now owns 1,368 shares of the company's stock worth $174,000 after purchasing an additional 1,141 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BFAM shares. 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. BMO Capital Markets lifted their price target on shares of 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 increased their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.33.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock traded down $1.87 during trading hours on Monday, reaching $125.08. 537,433 shares of the company's stock were exchanged, compared to its average volume of 458,720. The business has a fifty day moving average price of $122.04 and a 200-day moving average price of $120.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The stock has a market capitalization of $7.16 billion, a P/E ratio of 52.12 and a beta of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its earnings results 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 company had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. During the same quarter in the previous year, the company earned $0.51 EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares in the company, valued at approximately $4,170,755.81. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $128.49, for a total value of $321,225.00. Following the completion of the transaction, the director now owns 20,257 shares of the company's stock, valued at approximately $2,602,821.93. This represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,282 shares of company stock worth $1,851,123 over the last 90 days. 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.