Atria Investments Inc Grows Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Atria Investments Inc boosted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,126 shares of the company’s stock after buying an additional 293 shares during the quarter. Atria Investments Inc’s holdings in Bright Horizons Family Solutions were worth $2,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock worth $607,242,000 after buying an additional 29,942 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Bright Horizons Family Solutions by 1.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock worth $337,832,000 after acquiring an additional 44,893 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Bright Horizons Family Solutions by 3.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock valued at $303,556,000 after acquiring an additional 87,256 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after acquiring an additional 51,024 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $64,735,000.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BFAM shares. Barclays upped their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. UBS Group lifted their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $141.13.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $111.17 on Thursday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 55.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a 1 year low of $85.28 and a 1 year high of $141.90. The company’s fifty day moving average is $132.79 and its two-hundred day moving average is $122.49.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

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.