Merit Financial Group LLC Purchases New Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Merit Financial Group LLC acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAMFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,944 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also added to or reduced their stakes in the company. OLD National Bancorp IN boosted its holdings in Bright Horizons Family Solutions by 2.7% during the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after acquiring an additional 82 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Bright Horizons Family Solutions by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after purchasing an additional 113 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Bright Horizons Family Solutions by 2.9% during the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock worth $655,000 after purchasing an additional 133 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after purchasing an additional 145 shares during the period. Finally, Quarry LP grew its holdings in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares during the last quarter.

Bright Horizons Family Solutions Trading Down 2.2 %

Shares of Bright Horizons Family Solutions stock opened at $115.18 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a twelve month low of $94.83 and a twelve month high of $141.90. The firm has a market capitalization of $6.70 billion, a PE ratio of 57.88 and a beta of 1.44. The firm’s 50-day moving average price is $112.88 and its 200 day moving average price is $124.27.

Bright Horizons Family Solutions (NYSE:BFAMGet Free Report) last released its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BFAM shares. Morgan Stanley decreased their price target on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, December 12th. The Goldman Sachs Group reduced their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 27th. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, UBS Group decreased their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $136.00.

Get Our Latest Research Report on Bright Horizons Family Solutions

Insider Activity

In related news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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