Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Acquired by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,068,969 shares of the company’s stock after acquiring an additional 44,893 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 5.29% of Bright Horizons Family Solutions worth $337,832,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Bright Horizons Family Solutions by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock valued at $607,242,000 after purchasing an additional 29,942 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Bright Horizons Family Solutions by 3.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock worth $303,556,000 after acquiring an additional 87,256 shares during the period. Capital World Investors boosted its position in shares of Bright Horizons Family Solutions by 10.5% in the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after acquiring an additional 128,632 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after purchasing an additional 51,024 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in Bright Horizons Family Solutions by 1.8% during the fourth quarter. Westfield Capital Management Co. LP now owns 657,685 shares of the company’s stock worth $61,980,000 after purchasing an additional 11,477 shares during the last quarter.

Insider Transactions at Bright Horizons Family Solutions

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on BFAM. Barclays upped 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. Robert W. Baird boosted their price objective on 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus target price of $129.25.

Bright Horizons Family Solutions Stock Up 1.9 %

Shares of Bright Horizons Family Solutions stock opened at $139.06 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $141.90. The business’s fifty day moving average price is $131.81 and its two-hundred day moving average price is $117.29. The company has a market capitalization of $8.07 billion, a P/E ratio of 97.93 and a beta of 1.48.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The business had revenue of $670.10 million for the quarter, compared to analysts’ expectations of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. As a group, research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

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.