Vident Advisory LLC Purchases Shares of 96,909 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Vident Advisory LLC purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 96,909 shares of the company's stock, valued at approximately $10,742,000. Vident Advisory LLC owned about 0.17% of Bright Horizons Family Solutions at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd lifted its holdings in Bright Horizons Family Solutions by 62.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock valued at $787,000 after purchasing an additional 2,739 shares during the last quarter. Barclays PLC lifted its holdings 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 worth $3,355,000 after buying an additional 11,057 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $679,000. New York State Common Retirement Fund lifted its holdings 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 worth $12,768,000 after buying an additional 35,959 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $5,212,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BFAM shares. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. UBS Group dropped their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 24th. BMO Capital Markets lifted their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Jefferies Financial Group dropped their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $138.33.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock opened at $123.96 on Tuesday. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. 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 business's 50-day moving average price is $121.78 and its two-hundred day moving average price is $118.87. The stock has a market cap of $7.10 billion, a PE ratio of 51.65 and a beta of 1.32.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The firm had revenue of $665.53 million for the quarter, compared to analysts' expectations of $664.34 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now directly owns 22,757 shares in the company, valued at approximately $2,838,708.18. The trade was a 9.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $125.36, for a total value of $125,360.00. Following the sale, the chief operating officer now owns 31,449 shares in the company, valued at approximately $3,942,446.64. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,500 shares of company stock worth $561,900 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.

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