Bright Horizons Family Solutions Inc. (BFAM) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,690,927 shares of the company’s stock after purchasing an additional 59,456 shares during the quarter. Wells Fargo & Company MN owned approximately 2.85% of Bright Horizons Family Solutions worth $145,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BFAM. 1st Global Advisors Inc. increased its position in Bright Horizons Family Solutions by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after acquiring an additional 75 shares during the period. Argent Capital Management LLC increased its position in Bright Horizons Family Solutions by 2.5% during the second quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after acquiring an additional 150 shares during the period. Stephens Inc. AR increased its position in Bright Horizons Family Solutions by 5.2% during the second quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after acquiring an additional 225 shares during the period. Teacher Retirement System of Texas increased its position in Bright Horizons Family Solutions by 6.9% during the second quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock worth $293,000 after acquiring an additional 247 shares during the period. Finally, HighTower Advisors LLC increased its position in Bright Horizons Family Solutions by 8.6% during the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock worth $289,000 after acquiring an additional 295 shares during the period. 99.76% of the stock is currently owned by institutional investors.

In other news, CEO David H. Lissy sold 79,112 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $6,903,313.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Elizabeth J. Boland sold 29,681 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the completion of the sale, the chief financial officer now owns 141,491 shares in the company, valued at $11,170,714.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,650,889 shares of company stock worth $318,185,942. Insiders own 2.90% of the company’s stock.

Bright Horizons Family Solutions Inc. (NYSE BFAM) opened at $88.94 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35. Bright Horizons Family Solutions Inc. has a 1-year low of $65.00 and a 1-year high of $93.13. The company has a market cap of $5,275.48, a PE ratio of 37.37, a price-to-earnings-growth ratio of 1.79 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The firm had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. During the same period last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. equities research analysts predict that Bright Horizons Family Solutions Inc. will post 2.49 earnings per share for the current year.

BFAM has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Credit Suisse Group raised their price target on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Citigroup raised their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Robert W. Baird reissued a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $90.67.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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