Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock Position Raised by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,068,969 shares of the company’s stock after purchasing an additional 44,893 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.05% of Bright Horizons Family Solutions worth $337,832,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. MJP Associates Inc. ADV lifted its position in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after acquiring an additional 157 shares in the last quarter. SYSTM Wealth Solutions LLC lifted its holdings 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 in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares during the period. Everpar Advisors LLC boosted its position in shares of Bright Horizons Family Solutions by 6.7% in the second quarter. Everpar Advisors LLC now owns 2,979 shares of the company’s stock worth $328,000 after buying an additional 186 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Bright Horizons Family Solutions by 2.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock valued at $1,082,000 after buying an additional 215 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $139.06 on Friday. The company’s fifty day moving average is $131.81 and its two-hundred day moving average is $117.29. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $141.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 97.93 and a beta of 1.48.

Bright Horizons Family Solutions (NYSE:BFAM) last released 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. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The business had revenue of $670.10 million for the quarter, compared to the consensus estimate of $666.17 million. During the same period last year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Robert W. Baird increased 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. Barclays increased 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, August 30th. Deutsche Bank Aktiengesellschaft boosted 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 report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets boosted 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 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and an average target price of $129.25.

Insider Activity

In related news, COO Mary Lou Burke sold 14,500 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $130.90, for a total value of $1,898,050.00. Following the completion of the transaction, the chief operating officer now directly owns 33,425 shares of the company’s stock, valued at $4,375,332.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, COO Mary Lou Burke sold 14,500 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the completion of the transaction, the chief operating officer now directly owns 33,425 shares of the company’s stock, valued at approximately $4,375,332.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 transaction of $327,325.00. Following the sale, the director now owns 30,257 shares in the company, valued at $3,961,549.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,635 shares of company stock worth $3,198,948. Company insiders own 1.22% of the company’s stock.

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.