Raymond James & Associates Has $2.96 Million Position in Bright Horizons Family Solutions (BFAM)

Raymond James & Associates increased its stake in shares of Bright Horizons Family Solutions (NYSE:BFAM) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,524 shares of the company’s stock after purchasing an additional 1,201 shares during the period. Raymond James & Associates owned approximately 0.05% of Bright Horizons Family Solutions worth $2,963,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BFAM. American International Group Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $120,000. Zions Bancorporation acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $170,000. Eagle Boston Investment Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $205,000. Private Advisor Group LLC acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $237,000. Finally, JOYN Advisors Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $262,000. 99.04% of the stock is owned by institutional investors and hedge funds.

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BFAM stock opened at $96.10 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $5,628.19, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 2.19 and a beta of 0.07. Bright Horizons Family Solutions has a 1-year low of $70.79 and a 1-year high of $105.04.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The firm had revenue of $440.00 million for the quarter, compared to analyst estimates of $438.99 million. Bright Horizons Family Solutions had a return on equity of 20.69% and a net margin of 9.02%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. analysts predict that Bright Horizons Family Solutions will post 2.93 earnings per share for the current year.

A number of equities research analysts recently commented on BFAM shares. Goldman Sachs started coverage on Bright Horizons Family Solutions in a research note on Tuesday, March 27th. They set a “neutral” rating and a $104.00 price objective for the company. Credit Suisse Group lifted their price objective on Bright Horizons Family Solutions from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Macquarie started coverage on Bright Horizons Family Solutions in a research note on Thursday, December 21st. They set a “neutral” rating and a $95.00 price objective for the company. Royal Bank of Canada lifted their price objective on Bright Horizons Family Solutions to $98.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. They noted that the move was a valuation call. Finally, Barclays reaffirmed a “buy” rating and set a $105.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $101.67.

In other Bright Horizons Family Solutions news, CAO Mandy Berman sold 500 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $99.85, for a total transaction of $49,925.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Mary Lou Burke sold 250 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $105.00, for a total value of $26,250.00. Following the transaction, the chief operating officer now owns 29,846 shares in the company, valued at $3,133,830. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,281 shares of company stock worth $17,283,291. Corporate insiders own 2.90% of the company’s stock.

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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.

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

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