Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 9.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,676 shares of the company’s stock after acquiring an additional 1,057 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bright Horizons Family Solutions were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in Bright Horizons Family Solutions by 18.8% in the second quarter. Conestoga Capital Advisors LLC now owns 234,862 shares of the company’s stock valued at $25,854,000 after buying an additional 37,157 shares during the period. Bailard Inc. raised its holdings in Bright Horizons Family Solutions by 55.0% in the second quarter. Bailard Inc. now owns 6,812 shares of the company’s stock valued at $750,000 after buying an additional 2,418 shares during the period. Bank of New York Mellon Corp grew its position in Bright Horizons Family Solutions by 8.7% in the second quarter. Bank of New York Mellon Corp now owns 212,879 shares of the company’s stock valued at $23,434,000 after acquiring an additional 17,100 shares in the last quarter. Finally, &PARTNERS acquired a new stake in Bright Horizons Family Solutions in the second quarter valued at approximately $488,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BFAM shares. The Goldman Sachs Group raised their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on 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 target price on 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. JPMorgan Chase & Co. lifted 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. Finally, Barclays boosted their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Hold” and an average target price of $133.43.

Bright Horizons Family Solutions Trading Up 1.2 %

Shares of BFAM opened at $140.72 on Tuesday. The business’s 50-day moving average price is $123.51 and its 200 day moving average price is $114.60. The stock has a market capitalization of $8.16 billion, a P/E ratio of 99.10 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $140.86. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. Bright Horizons Family Solutions’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now owns 30,257 shares of the company’s stock, valued at approximately $3,961,549.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $106.42, for a total transaction of $85,136.00. Following the transaction, the chief operating officer now owns 37,725 shares of the company’s stock, valued at approximately $4,014,694.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $130.93, for a total value of $327,325.00. Following the transaction, the director now directly owns 30,257 shares in the company, valued at approximately $3,961,549.01. The disclosure for this sale can be found here. Insiders have sold a total of 29,232 shares of company stock valued at $3,664,500 in the last 90 days. 1.22% of the stock is currently owned by corporate insiders.

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.