205 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Acquired by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 3rd quarter, Holdings Channel.com reports. The fund bought 205 shares of the company’s stock, valued at approximately $29,000.

A number of other large investors have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in shares of Bright Horizons Family Solutions during the first quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at $35,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares during the period. Daiwa Securities Group Inc. raised its stake in Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares during the last quarter. Finally, Quarry LP raised its stake in Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BFAM. 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 report on Friday, August 2nd. UBS Group increased their price target on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Barclays lifted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $134.63.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, General Counsel John Guy Casagrande sold 4,235 shares of the stock in a transaction on Monday, August 5th. The shares were 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 of the company’s stock, valued at $1,776,095.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, General Counsel John Guy Casagrande sold 4,235 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.86, for a total value of $549,957.10. Following the completion of the sale, the general counsel now directly owns 13,677 shares in the company, valued at $1,776,095.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $128.67, for a total transaction of $102,936.00. Following the sale, the chief operating officer now owns 32,625 shares of the company’s stock, valued at approximately $4,197,858.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,635 shares of company stock valued at $3,100,340. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Trading Up 1.6 %

BFAM stock opened at $132.59 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $141.90. The company’s 50-day simple moving average is $136.94 and its 200-day simple moving average is $120.79. The firm has a market cap of $7.69 billion, a P/E ratio of 93.37 and a beta of 1.48.

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

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.