96,909 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Acquired by Vident Advisory LLC

Vident Advisory LLC purchased a new position 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 Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its stake in shares of Bright Horizons Family Solutions by 0.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock worth $1,463,000 after buying an additional 96 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Bright Horizons Family Solutions by 3.6% during the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock worth $323,000 after buying an additional 101 shares during the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Bright Horizons Family Solutions by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock worth $833,000 after buying an additional 111 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Bright Horizons Family Solutions by 0.9% during the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock worth $1,681,000 after buying an additional 129 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Bright Horizons Family Solutions by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company's stock worth $2,808,000 after buying an additional 150 shares during the last quarter.

Bright Horizons Family Solutions Trading Up 2.8%

BFAM traded up $3.50 during midday trading on Friday, hitting $130.02. The company's stock had a trading volume of 720,025 shares, compared to its average volume of 452,232. 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 firm has a market cap of $7.44 billion, a P/E ratio of 54.18 and a beta of 1.32. The firm has a 50-day moving average price of $121.72 and a two-hundred day moving average price of $119.00. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly 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. The company had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current 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 completion of the sale, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. The trade was a 9.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the sale, the chief operating officer now owns 33,449 shares of the company's stock, valued at $4,170,755.81. The trade was a 2.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,500 shares of company stock worth $561,900 in the last 90 days. 1.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BFAM. Wall Street Zen raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley boosted their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company 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.