Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Everpar Advisors LLC

Everpar Advisors LLC increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 6.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,979 shares of the company’s stock after buying an additional 186 shares during the period. Everpar Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MJP Associates Inc. ADV increased its stake in shares of Bright Horizons Family Solutions by 7.0% in the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after purchasing an additional 157 shares during the period. SYSTM Wealth Solutions LLC increased its stake in shares of Bright Horizons Family Solutions by 7.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock valued at $262,000 after purchasing an additional 164 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Bright Horizons Family Solutions by 2.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock valued at $1,082,000 after purchasing an additional 215 shares during the period. Riverview Trust Co acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $25,000. Finally, Truist Financial Corp increased its stake in shares of Bright Horizons Family Solutions by 0.3% in the fourth quarter. Truist Financial Corp now owns 90,399 shares of the company’s stock valued at $8,519,000 after purchasing an additional 227 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on BFAM. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Robert W. Baird raised their price objective on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $128.43.

Insider Buying and Selling

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 value of $549,957.10. Following the completion of the transaction, the general counsel now owns 13,677 shares of the company’s stock, valued at approximately $1,776,095.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $549,957.10. Following the completion of the transaction, the general counsel now owns 13,677 shares of the company’s stock, valued at approximately $1,776,095.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the completion of the transaction, the director now directly owns 30,257 shares of the company’s stock, valued at approximately $3,961,549.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,232 shares of company stock valued at $4,100,300. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded down $0.50 during trading hours on Friday, reaching $135.80. 265,178 shares of the company’s stock were exchanged, compared to its average volume of 353,383. The company has a market capitalization of $7.88 billion, a P/E ratio of 95.63, a price-to-earnings-growth ratio of 4.44 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $138.25. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76. The business’s 50-day simple moving average is $116.18 and its two-hundred day simple moving average is $111.65.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. The firm had revenue of $670.10 million during 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 13.08%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 2.76 EPS for the current fiscal year.

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.