Cetera Investment Advisers Buys 749 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Cetera Investment Advisers grew its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 13.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,175 shares of the company’s stock after purchasing an additional 749 shares during the period. Cetera Investment Advisers’ holdings in Bright Horizons Family Solutions were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BFAM. T. Rowe Price Investment Management Inc. grew its stake in shares of Bright Horizons Family Solutions by 60.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company’s stock valued at $549,654,000 after purchasing an additional 1,868,117 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Bright Horizons Family Solutions by 199.6% in the 4th quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company’s stock valued at $74,451,000 after purchasing an additional 447,457 shares during the period. Millennium Management LLC grew its stake in shares of Bright Horizons Family Solutions by 1,081.6% in the 4th quarter. Millennium Management LLC now owns 354,241 shares of the company’s stock valued at $39,268,000 after purchasing an additional 324,262 shares during the period. Deutsche Bank AG grew its stake in shares of Bright Horizons Family Solutions by 742.8% in the 4th quarter. Deutsche Bank AG now owns 273,399 shares of the company’s stock valued at $30,306,000 after purchasing an additional 240,960 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at approximately $24,518,000.

Bright Horizons Family Solutions Stock Up 1.2%

Shares of BFAM opened at $119.53 on Thursday. The company has a market capitalization of $6.80 billion, a P/E ratio of 39.19 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.60. Bright Horizons Family Solutions Inc. has a one year low of $103.75 and a one year high of $141.90. The business’s 50 day simple moving average is $119.27 and its 200-day simple moving average is $122.12.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%. The firm had revenue of $731.57 million for the quarter, compared to the consensus estimate of $724.32 million. During the same quarter in the prior year, the business earned $0.88 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BFAM. Jefferies Financial Group lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating on the stock in a report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $137.75.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the transaction, the director owned 18,233 shares of the company’s stock, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.99, for a total value of $128,990.00. Following the transaction, the chief operating officer directly owned 28,449 shares in the company, valued at approximately $3,669,636.51. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,282 shares of company stock worth $2,212,923 in the last quarter. 1.21% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions 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.