Raymond James Trust N.A. Increases Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Raymond James Trust N.A. boosted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,521 shares of the company’s stock after buying an additional 223 shares during the period. 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after buying an additional 423,456 shares in the last quarter. Millennium Management LLC acquired a new position in Bright Horizons Family Solutions during the second quarter worth about $28,995,000. Point72 Asset Management L.P. raised its position in Bright Horizons Family Solutions by 64.1% during the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after acquiring an additional 222,823 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Bright Horizons Family Solutions by 174.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock valued at $48,260,000 after purchasing an additional 218,707 shares in the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $13,639,000.

Bright Horizons Family Solutions Price Performance

BFAM opened at $114.61 on Tuesday. Bright Horizons Family Solutions Inc. has a 1 year low of $86.79 and a 1 year high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company’s 50 day simple moving average is $128.51 and its 200 day simple moving average is $122.57. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the transaction, the chief operating officer now owns 31,825 shares of the company’s stock, valued at approximately $4,476,186.25. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. UBS Group boosted their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised 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. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.50.

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.