Integrated Advisors Network LLC Makes New Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Integrated Advisors Network LLC bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,254 shares of the company’s stock, valued at approximately $212,000.

Several other large investors also recently bought and sold shares of BFAM. Aurora Investment Counsel boosted its holdings in shares of Bright Horizons Family Solutions by 5.5% in the 4th quarter. Aurora Investment Counsel now owns 17,461 shares of the company’s stock valued at $1,646,000 after acquiring an additional 905 shares during the last quarter. Palisade Capital Management LP boosted its holdings in shares of Bright Horizons Family Solutions by 25.3% in the 4th quarter. Palisade Capital Management LP now owns 174,027 shares of the company’s stock valued at $16,400,000 after acquiring an additional 35,111 shares during the last quarter. RMB Capital Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 1.8% in the 4th quarter. RMB Capital Management LLC now owns 82,814 shares of the company’s stock valued at $7,804,000 after acquiring an additional 1,492 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at $315,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Bright Horizons Family Solutions by 4,227.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock valued at $27,709,000 after acquiring an additional 287,229 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $102.22 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. The company has a fifty day moving average of $107.78 and a two-hundred day moving average of $104.77. The stock has a market capitalization of $5.93 billion, a PE ratio of 71.99, a P/E/G ratio of 3.89 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $119.21.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, May 2nd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $622.71 million during the quarter, compared to analysts’ expectations of $614.60 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. As a group, research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Stephen Howard Kramer sold 11,250 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $113.95, for a total value of $1,281,937.50. Following the completion of the sale, the chief executive officer now directly owns 122,573 shares in the company, valued at $13,967,193.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Stephen Howard Kramer sold 11,250 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $113.95, for a total value of $1,281,937.50. Following the completion of the sale, the chief executive officer now owns 122,573 shares of the company’s stock, valued at $13,967,193.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lightfoot Sara Lawrence sold 4,597 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $107.23, for a total transaction of $492,936.31. The disclosure for this sale can be found here. Insiders sold 26,647 shares of company stock worth $2,978,550 over the last three months. Insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BFAM. Barclays raised shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. Robert W. Baird boosted their target price on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.43.

Bright Horizons Family Solutions Company 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.