Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. grew its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,521 shares of the company’s stock after purchasing an additional 223 shares during the quarter. Raymond James Trust N.A.’s holdings in Bright Horizons Family Solutions were worth $634,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. acquired a new stake in Bright Horizons Family Solutions in the third quarter valued at $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares in the last quarter. Finally, Quarry LP increased its stake in Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $114.61 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The business has a 50 day simple moving average of $128.51 and a 200-day simple moving average of $122.57. Bright Horizons Family Solutions Inc. has a 12 month low of $86.79 and a 12 month high of $141.90. The stock has a market capitalization of $6.67 billion, a PE ratio of 57.58 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. Bright Horizons Family Solutions’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. Equities analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BFAM shares. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday. Barclays raised their price target 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. Finally, UBS Group lifted their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.22% of the stock is owned by insiders.

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.