Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 125.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 14,545 shares of the company's stock after acquiring an additional 8,092 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Bright Horizons Family Solutions were worth $1,848,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BFAM. SG Americas Securities LLC boosted its holdings in shares of Bright Horizons Family Solutions by 355.6% in the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock valued at $1,415,000 after purchasing an additional 8,694 shares during the last quarter. Barclays PLC boosted its holdings in Bright Horizons Family Solutions by 57.5% in the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock valued at $3,355,000 after acquiring an additional 11,057 shares during the last quarter. Merit Financial Group LLC grew its position in Bright Horizons Family Solutions by 182.3% during the first quarter. Merit Financial Group LLC now owns 5,488 shares of the company's stock valued at $697,000 after acquiring an additional 3,544 shares during the period. New York Life Investment Management LLC acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth about $679,000. Finally, GAMMA Investing LLC raised 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 worth $7,666,000 after purchasing an additional 60,069 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group cut 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 report on Monday, June 23rd. Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.67.

Bright Horizons Family Solutions Stock Up 1.1%

BFAM traded up $1.35 during trading hours on Monday, reaching $123.66. 424,767 shares of the stock traded hands, compared to its average volume of 468,245. Bright Horizons Family Solutions Inc. has a fifty-two week low of $103.75 and a fifty-two week high of $141.90. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 44.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60. The firm's fifty day simple moving average is $123.94 and its two-hundred day simple moving average is $121.18.

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

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the firm's stock in a transaction on 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 trade represents a 8.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the transaction, the chief financial officer directly owned 80,162 shares in the company, valued at $10,594,209.92. The trade was a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,282 shares of company stock worth $1,726,433 in the last ninety days. 1.21% of the stock is currently owned by corporate insiders.

About Bright Horizons Family Solutions

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.