Raymond James & Associates Has $57.68 Million Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Raymond James & Associates boosted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 8.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 508,792 shares of the company’s stock after acquiring an additional 41,167 shares during the quarter. Raymond James & Associates owned 0.88% of Bright Horizons Family Solutions worth $57,677,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BFAM. Vanguard Group Inc. lifted its position in Bright Horizons Family Solutions by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,326,816 shares of the company’s stock valued at $501,999,000 after purchasing an additional 41,506 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Bright Horizons Family Solutions by 3.7% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,820,797 shares of the company’s stock valued at $229,782,000 after acquiring an additional 101,955 shares during the period. William Blair Investment Management LLC lifted its stake in Bright Horizons Family Solutions by 11.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company’s stock valued at $155,849,000 after acquiring an additional 191,545 shares during the period. Capital World Investors lifted its stake in shares of Bright Horizons Family Solutions by 10.5% in the 4th quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after purchasing an additional 128,632 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Bright Horizons Family Solutions by 1.2% in the 3rd quarter. Mackenzie Financial Corp now owns 744,618 shares of the company’s stock worth $60,344,000 after purchasing an additional 9,124 shares during the period.

Bright Horizons Family Solutions Price Performance

BFAM traded up $6.96 during trading on Friday, reaching $111.23. 651,873 shares of the company traded hands, compared to its average volume of 242,604. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions Inc. has a 12-month low of $71.65 and a 12-month high of $119.21. The firm has a fifty day simple moving average of $111.11 and a 200 day simple moving average of $98.80. The company has a market cap of $6.45 billion, a P/E ratio of 78.33, a PEG ratio of 4.01 and a beta of 1.38.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.14%. The business had revenue of $615.65 million during the quarter, compared to analyst estimates of $588.63 million. On average, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BFAM shares. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research note on Friday. Barclays raised shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. Finally, UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $106.63.

Insider Activity at Bright Horizons Family Solutions

In related news, CFO Elizabeth J. Boland sold 15,640 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Elizabeth J. Boland sold 15,640 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,500 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the sale, the chief operating officer now owns 37,253 shares of the company’s stock, valued at $3,911,565. The disclosure for this sale can be found here. 1.28% of the stock is currently 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.