Thrive Wealth Management LLC Acquires New Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Thrive Wealth Management LLC bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the second quarter, Holdings Channel reports. The fund bought 1,884 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BFAM. Vanguard Group Inc. lifted its stake in shares of 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. Capital World Investors boosted its stake in Bright Horizons Family Solutions by 10.5% during the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after buying an additional 128,632 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Bright Horizons Family Solutions by 18.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 708,527 shares of the company’s stock valued at $66,775,000 after acquiring an additional 109,548 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Bright Horizons Family Solutions by 1.8% in the 4th quarter. Westfield Capital Management Co. LP now owns 657,685 shares of the company’s stock valued at $61,980,000 after acquiring an additional 11,477 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 637,401 shares of the company’s stock worth $60,069,000 after acquiring an additional 9,851 shares during the last quarter.

Analysts Set New Price Targets

Several analysts recently weighed in on BFAM shares. Robert W. Baird lifted their target price on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their target price on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of 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, StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $128.43.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $106.42, for a total value of $85,136.00. Following the sale, the chief operating officer now directly owns 37,725 shares in the company, valued at $4,014,694.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $106.42, for a total value of $85,136.00. Following the transaction, the chief operating officer now directly owns 37,725 shares in the company, valued at $4,014,694.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 sale, 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. In the last three months, insiders have sold 33,232 shares of company stock valued at $4,100,300. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Up 0.3 %

BFAM stock traded up $0.44 during mid-day trading on Friday, reaching $132.49. The company had a trading volume of 501,331 shares, compared to its average volume of 355,993. The firm has a fifty day simple moving average of $113.59 and a 200 day simple moving average of $110.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 93.30, a price-to-earnings-growth ratio of 4.44 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $136.22.

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 net margin of 3.98% and a return on equity of 13.08%. The firm had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts forecast that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share 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.