Brown Brothers Harriman & Co. Raises Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Brown Brothers Harriman & Co. boosted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 19.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 218,859 shares of the company’s stock after buying an additional 35,971 shares during the quarter. Brown Brothers Harriman & Co. owned 0.38% of Bright Horizons Family Solutions worth $30,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BFAM. Raleigh Capital Management Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter worth about $29,000. V Square Quantitative Management LLC purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. boosted its position in Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares during the period. Finally, Quarry LP increased its holdings in shares of Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares in the last quarter.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $113.08 on Monday. The stock has a market capitalization of $6.58 billion, a P/E ratio of 56.82 and a beta of 1.49. The business has a 50 day simple moving average of $128.51 and a two-hundred day simple moving average of $122.57. Bright Horizons Family Solutions Inc. has a 12 month low of $86.79 and a 12 month high of $141.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same quarter last year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts predict that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on BFAM. The Goldman Sachs Group raised their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Friday. UBS Group raised their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.22% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Company 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.