Envestnet Asset Management Inc. Raises Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Envestnet Asset Management Inc. grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 5.1% in the second quarter, Holdings Channel reports. The institutional investor owned 315,078 shares of the company’s stock after acquiring an additional 15,291 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Bright Horizons Family Solutions were worth $34,684,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BFAM. MJP Associates Inc. ADV grew its stake in Bright Horizons Family Solutions by 7.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after acquiring an additional 157 shares during the period. SYSTM Wealth Solutions LLC grew its position in shares of Bright Horizons Family Solutions by 7.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock valued at $262,000 after purchasing an additional 164 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares in the last quarter. Everpar Advisors LLC raised its position in shares of Bright Horizons Family Solutions by 6.7% during the 2nd quarter. Everpar Advisors LLC now owns 2,979 shares of the company’s stock worth $328,000 after purchasing an additional 186 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Bright Horizons Family Solutions by 2.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock valued at $1,082,000 after buying an additional 215 shares in the last quarter.

Insider Activity

In related news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $110.20, for a total transaction of $88,160.00. Following the completion of the sale, the chief operating officer now directly owns 36,925 shares of the company’s stock, valued at approximately $4,069,135. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Bright Horizons Family Solutions news, General Counsel John Guy Casagrande sold 4,235 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.86, for a total transaction of $549,957.10. Following the transaction, the general counsel now directly owns 13,677 shares in the company, valued at $1,776,095.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Friday, July 5th. The shares were sold at an average price of $110.20, for a total value of $88,160.00. Following the completion of the sale, the chief operating officer now directly owns 36,925 shares of the company’s stock, valued at $4,069,135. The disclosure for this sale can be found here. Insiders have sold a total of 24,635 shares of company stock valued at $3,198,948 in the last quarter. Insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BFAM shares. Barclays boosted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th. Robert W. Baird increased their target price on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.25.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock opened at $139.06 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $8.07 billion, a PE ratio of 97.93 and a beta of 1.48. The firm’s 50-day moving average is $131.81 and its two-hundred day moving average is $117.29. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.73 by $0.15. The firm had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. Analysts predict that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

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.