Stephens Investment Management Group LLC Buys 107,510 Shares of Bright Horizons Family Solutions Inc. (BFAM)

Stephens Investment Management Group LLC increased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 28.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 490,427 shares of the company’s stock after purchasing an additional 107,510 shares during the period. Stephens Investment Management Group LLC owned 0.83% of Bright Horizons Family Solutions worth $37,866,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $123,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Bright Horizons Family Solutions by 83.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock worth $190,000 after purchasing an additional 1,193 shares during the last quarter. Connable Office Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $208,000. Comerica Bank bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $230,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth approximately $256,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) traded up 1.45% during mid-day trading on Monday, reaching $80.37. The company’s stock had a trading volume of 48,529 shares. The company has a 50 day moving average of $79.41 and a 200-day moving average of $75.77. Bright Horizons Family Solutions Inc. has a 12 month low of $59.00 and a 12 month high of $82.00. The firm has a market capitalization of $4.75 billion, a P/E ratio of 42.89 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $445.55 million for the quarter, compared to analysts’ expectations of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Stephens Investment Management Group LLC Buys 107,510 Shares of Bright Horizons Family Solutions Inc. (BFAM)” was published by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/09/11/stephens-investment-management-group-llc-buys-107510-shares-of-bright-horizons-family-solutions-inc-bfam.html.

Several analysts recently issued reports on the company. BidaskClub downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $92.00 target price (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, August 4th. BMO Capital Markets reaffirmed a “market perform” rating and set a $85.00 target price (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Bright Horizons Family Solutions has an average rating of “Buy” and a consensus target price of $84.00.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 29,681 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Mary Lou Burke sold 750 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $79.85, for a total transaction of $59,887.50. Following the sale, the chief operating officer now directly owns 32,016 shares in the company, valued at approximately $2,556,477.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,128 shares of company stock worth $5,244,690. Insiders own 2.90% of the company’s stock.

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)

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply