Stephens Investment Management Group LLC increased its holdings in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 442,091 shares of the company’s stock after purchasing an additional 5,697 shares during the period. Bright Horizons Family Solutions accounts for about 1.3% of Stephens Investment Management Group LLC’s holdings, making the stock its 13th biggest holding. Stephens Investment Management Group LLC owned approximately 0.76% of Bright Horizons Family Solutions worth $66,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in BFAM. Huntington National Bank purchased a new position in Bright Horizons Family Solutions in the 2nd quarter valued at about $33,000. Quadrant Capital Group LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 1st quarter valued at about $47,000. Manchester Capital Management LLC acquired a new stake in Bright Horizons Family Solutions during the first quarter worth about $47,000. Ellis Investment Partners LLC acquired a new stake in Bright Horizons Family Solutions during the first quarter worth about $86,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Bright Horizons Family Solutions during the second quarter worth about $166,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Bright Horizons Family Solutions stock traded up $0.34 on Thursday, hitting $156.56. The company had a trading volume of 7,322 shares, compared to its average volume of 269,831. The business has a 50-day simple moving average of $153.02. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.18. The stock has a market cap of $9.09 billion, a P/E ratio of 51.51, a PEG ratio of 4.48 and a beta of 0.29. Bright Horizons Family Solutions Inc has a 52 week low of $105.15 and a 52 week high of $157.31.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, August 1st. The company reported $0.92 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.92. The firm had revenue of $528.06 million during the quarter, compared to analysts’ expectations of $531.13 million. Bright Horizons Family Solutions had a net margin of 8.67% and a return on equity of 23.29%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. On average, equities analysts expect that Bright Horizons Family Solutions Inc will post 3.4 EPS for the current year.

Several research analysts have commented on BFAM shares. ValuEngine cut shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Goldman Sachs Group upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research report on Thursday, June 20th. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research report on Wednesday, August 7th. Finally, BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions to $152.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Bright Horizons Family Solutions currently has a consensus rating of “Buy” and a consensus target price of $134.57.

In related news, CFO Elizabeth J. Boland sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $133.23, for a total transaction of $466,305.00. Following the completion of the sale, the chief financial officer now directly owns 123,841 shares in the company, valued at $16,499,336.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen I. Dreier sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $151.84, for a total transaction of $986,960.00. Following the sale, the executive vice president now owns 41,023 shares of the company’s stock, valued at $6,228,932.32. The disclosure for this sale can be found here. Insiders have sold 55,556 shares of company stock valued at $8,295,927 over the last 90 days. 1.90% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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