Raleigh Capital Management Inc. Takes $29,000 Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Raleigh Capital Management Inc. acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 205 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Bright Horizons Family Solutions by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock valued at $607,242,000 after acquiring an additional 29,942 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Bright Horizons Family Solutions by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock valued at $337,832,000 after purchasing an additional 44,893 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 worth $303,556,000 after purchasing an additional 87,256 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $86,395,000 after buying an additional 51,024 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Bright Horizons Family Solutions during the first quarter valued at approximately $64,735,000.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BFAM shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group lifted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. UBS Group upped their target price on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets increased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.63.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock opened at $132.59 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $7.69 billion, a P/E ratio of 93.37 and a beta of 1.48. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $141.90. The company’s 50-day moving average is $136.94 and its 200 day moving average is $120.79.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The firm had revenue of $670.10 million for the quarter, compared to the consensus estimate of $666.17 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

Insider Activity

In related news, General Counsel John Guy Casagrande sold 4,235 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.86, for a total transaction of $549,957.10. Following the completion of the sale, the general counsel now owns 13,677 shares in the company, valued at $1,776,095.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, General Counsel John Guy Casagrande sold 4,235 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.86, for a total transaction of $549,957.10. Following the transaction, the general counsel now directly owns 13,677 shares of the company’s stock, valued at approximately $1,776,095.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $128.67, for a total value of $102,936.00. Following the completion of the sale, the chief operating officer now owns 32,625 shares of the company’s stock, valued at $4,197,858.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,635 shares of company stock valued at $3,100,340. 1.22% of the stock is currently owned by company insiders.

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.