Brown Brothers Harriman & Co. Grows Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Brown Brothers Harriman & Co. increased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 19.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 218,859 shares of the company’s stock after purchasing an additional 35,971 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Bright Horizons Family Solutions were worth $30,669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BFAM. Raleigh Capital Management Inc. purchased a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in shares of Bright Horizons Family Solutions during the third quarter worth $35,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after buying an additional 306 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after buying an additional 165 shares during the period. Finally, Quarry LP raised its holdings in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after buying an additional 177 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $137.00 to $125.00 in a research note on Monday, November 18th. UBS Group upped their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Barclays raised their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, Morgan Stanley boosted their price target on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $141.50.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.22% of the stock is owned by company insiders.

Bright Horizons Family Solutions Trading Up 1.8 %

Shares of NYSE:BFAM opened at $113.08 on Monday. Bright Horizons Family Solutions Inc. has a 52 week low of $86.79 and a 52 week high of $141.90. The company’s 50 day moving average is $128.51 and its two-hundred day moving average is $122.57. The company has a market cap of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. Equities analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

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.