Sei Investments Co. Buys 39,821 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Sei Investments Co. boosted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 45.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128,054 shares of the company’s stock after purchasing an additional 39,821 shares during the quarter. Sei Investments Co. owned approximately 0.22% of Bright Horizons Family Solutions worth $14,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. lifted its holdings in shares of Bright Horizons Family Solutions by 38.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 105,787 shares of the company’s stock worth $9,969,000 after buying an additional 29,417 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $64,735,000. CANADA LIFE ASSURANCE Co boosted its holdings in Bright Horizons Family Solutions by 141.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after purchasing an additional 8,666 shares during the period. M&G Plc purchased a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at $27,467,000. Finally, Bayesian Capital Management LP bought a new position in shares of Bright Horizons Family Solutions in the first quarter worth $981,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BFAM shares. The Goldman Sachs Group lifted their price objective on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays boosted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Morgan Stanley raised their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, September 11th. Robert W. Baird boosted their price target on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus target price of $129.25.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $139.79 on Friday. The firm has a 50-day moving average of $133.43 and a 200 day moving average of $117.95. 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 company has a market cap of $8.11 billion, a P/E ratio of 98.44 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.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.88 EPS for the quarter, beating 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 business had revenue of $670.10 million during the quarter, compared to analyst estimates of $666.17 million. During the same quarter last year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 14,500 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the completion of the transaction, the chief operating officer now owns 33,425 shares of the company’s stock, valued at $4,375,332.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel John Guy Casagrande sold 4,235 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.86, for a total value of $549,957.10. Following the transaction, the general counsel now owns 13,677 shares in the company, valued at approximately $1,776,095.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 14,500 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the sale, the chief operating officer now owns 33,425 shares of the company’s stock, valued at $4,375,332.50. The disclosure for this sale can be found here. Insiders have sold 24,635 shares of company stock valued at $3,198,948 over the last quarter. Corporate insiders own 1.22% of the company’s stock.

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.